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.

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abrdn Asia-Pacific Income Fund VCC > Monthly distribution dropping from 2.25 cents to 1.75 cents

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Post by 76Monteon Jan 22, 2023 2:48pm

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Post# 35238657

Monthly distribution dropping from 2.25 cents to 1.75 cents

I am still holding on to a fair number of shares of FAP. However, with the decrease in monthly distribution beginning in February, 2023 - I have sold some shares to reduce my exposure to this income fund.

It looks from the news release that a distibution of 1.75 cents per month for the year 2023 is likely safe.

I was hoping that managers of FAP would maintain or even increase monthly payouts.

GLTA

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