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abrdn Asia-Pacific Income Fund VCC T.FAP

abrdn Asia-Pacific Income Fund VCC is a Singapore-based closed-end investment company. The investment objective of the Company is to obtain current income and achieve incidental capital appreciation. The Company seeks to obtain these objectives primarily from investment in long-term debt securities. The Company also invests up to 100% of its total assets in Asia-Pacific debt securities. The Company’s invests in various sectors, including government, financials, supranational, quasi sovereign, consumer discretionary, telecommunication services, real estate, materials, and others. The Company’s investment portfolio is present in countries, including India, Indonesia, China, Australia, Malaysia, Pakistan, United Kingdom, Mexico, Thailand, United Arab Emirates, Uruguay, Bahrain, Brazil, Philippines, and Macao, among others. The investment manager of the Company is abrdn Asia Limited.


TSX:FAP - Post by User

Post by DemDemon Jun 10, 2022 12:01pm
211 Views
Post# 34747339

FAP

FAPApologies for the first post. I've had this stock for several years. Very regular distributions. I've been buying several lately because it's gone down a lot. The reason: the war in Ukraine. She has a loan to the Ukrainian Railway and also with the government. These two loans have lost a lot of value. However, you will note that their latest buyout shows that the company is doing very well and that the dividend is excellent. TORONTO, ON / ACCESSWIRE / March 31, 2022 / abrdn Asia-Pacific Income Investment Fund VCC (TSX:FAP) (UEN: T21VC0235H) (the "Company"), a closed-end investment company listed on the Toronto Stock Exchange, has announced today that the common shares (the “Shares”) accepted for voluntary cash redemption in 2022 will be redeemed at a rounded price of $3.28 per share in Canadian dollars. This price is equal to 100% of the average net asset value per share based on the three business days preceding the redemption date of March 31, 2022, less direct costs. The pro rata redemption rate will be 0.278 (ie for every 1,000 shares submitted by a shareholder for redemption, 278 shares will be redeemed). Payment of redemption proceeds will be made no later than April 8, 2022. Shares to be redeemed remain eligible for the March 2022 distribution
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