NEW YORK, March 31 /PRNewswire-FirstCall/ -- Aberdeen Asia-Pacific Income
Fund, Inc. (Amex: FAX / PSE: FAX), a closed-end bond fund, announced today its
performance and portfolio composition data as of February 27, 2004.
The Fund's total returns for various periods through February 27, 2004 are
provided below. (All figures are based on distributions reinvested at the
dividend reinvestment price and are stated net-of-fees):
Period NAV Total Return % Market Price Total Return %
Cumulative Annualized Cumulative Annualized
Since inception 426.4 9.8 433.7 9.8
(April 1986)
10-years 81.2 6.1 72.5 5.6
5-years 72.1 11.5 93.1 14.1
3-years 74.3 20.4 117.6 29.6
1-year 26.2 44.6
The Fund's returns, which are denominated in U.S. dollars, are affected by
the performance of the U.S. dollar against the various currencies listed
below.
As of February 27, 2004, the average maturity of the portfolio was
7.9 years. The maturity breakdown of the portfolio was as follows:
Maturity %
<3 Years 3-5 Years 5-10 Years >10 Years
25.6 22.6 41.2 10.6
As of February 27, 2004, approximately 61.1% of the Fund's assets were
invested in securities rated "Aa" or better by Moody's Investors Service Inc.
or "AA" or better by Standard & Poor's Corporation or, if unrated, judged by
the Investment Manager to be of equivalent quality. The credit quality
breakdown of the portfolio was as follows:
AAA/Aaa AA/Aa A BBB/Baa BB/Ba B
54.3 6.8 17.5 6.0 12.3 3.1
As of February 27, 2004, the portfolio was invested as follows:
Currency Exposure % Geographic Exposure %
Australian Dollar 57.4 Australia 57.5
New Zealand Dollar 0.5 New Zealand 0.5
US Dollar 33.9 * United States 4.0
Euro 0.8 Euro 0.0
South Korean Won 4.6 South Korea 12.4
Thai Baht 1.1 Thailand 3.0
Philippine Peso 0.6 Philippines 8.9
Singapore Dollar 0.6 Singapore 3.3
Malaysian Ringgit 0.4 Malaysia 3.2
Chinese Yuan 0.0 7.4 China 0.9 38.0
Indian Rupee 0.0 India 0.4
Indonesia Rupiah 0.0 Indonesia 1.0
Hong Kong Dollar 0.0 Hong Kong 4.2
Japanese Yen 0.1 Japan 0.7
Vietnamese Dong 0.0 Vietnam 0.0
*Of which 29.0% is invested
in US$ Yankee bonds
As of February 27, 2004, the Fund's net assets, including $600 million in
preferred stock, amounted to $2,330 million with a net asset value per share
of $6.53.
Aberdeen Asia-Pacific Income Fund, Inc. is managed by Aberdeen Asset
Management Asia Limited ("Investment Manager") and advised by Aberdeen Asset
Management Limited ("Investment Adviser"). The Investment Manager has prepared
this report based on information sources believed to be accurate and reliable.
However, the figures are unaudited and neither the Fund, the Investment
Manager, the Investment Adviser, nor any other person, guarantees their
accuracy. Investors should seek their own professional advice before acting
on this information.
Past performance does not guarantee future results.
If you wish to receive this information electronically, please contact
InvestorRelations@aberdeen-asset.com
SOURCE Aberdeen Asia-Pacific Income Fund, Inc.
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Related links:
http://www.aberdeen-asset.com
CONTACT:
Aberdeen Asset Management, Investor
Relations, 1-800-522-5465, InvestorRelations@aberdeen-asset.com
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