PHILADELPHIA, May 16 /PRNewswire-FirstCall/ -- Aberdeen Asia-Pacific
Income Fund, Inc. (Amex: FAX) (the "Fund"), a closed-end bond fund, today
announced that it paid on May 16, 2008, a monthly distribution of US 3.5
cents per share to all shareholders of record as of April 30, 2008. For the
12 months to April 30, 2008, the Fund has paid total distributions
amounting to US $0.42 per share.
The policy of the Fund's Board of Directors is to provide investors
with a stable monthly distribution out of current income, supplemented by
realized capital gains and, to the extent necessary, paid-in capital.
The Fund is subject to U.S. corporate, tax and securities laws. Under
U.S. tax accounting rules, the amount of distributable income for each
fiscal period depends on the actual exchange rates during the entire year
between the U.S. dollar and the currencies in which Fund assets are
denominated and on the aggregate gains and losses realized by the Fund
during the entire year. Therefore the exact amount of distributable income
for each fiscal year can only be determined as of the end of the Fund's
fiscal year, October 31. However, under the Investment Company Act of 1940,
the Fund may be required to indicate the sources of certain distributions
to shareholders.
The Fund estimates that distributions for the fiscal year commencing
November 1, 2007, including the distribution paid on May 16, 2008, are
comprised of 40% net investment income and 60% return of paid-in-capital.
This estimated distribution composition may vary from month to month
because it may be materially impacted by future realized gains and losses
on securities and fluctuations in the value of the currencies in which Fund
assets are denominated.
In January 2009, a Form 1099-DIV will be sent to shareholders, which
will state the amount and composition of distributions and provide
information with respect to their appropriate tax treatment for the 2008
calendar year.
The Fund is managed by Aberdeen Asset Management Asia Limited and
advised by Aberdeen Asset Management Limited. The Fund's shares trade on
the American Stock Exchange under the symbol "FAX".
If you wish to receive this information electronically, please contact
InvestorRelations@aberdeen-asset.com
http://www.aberdeenfax.com
Aberdeen Asset Management Asia Limited and Aberdeen Asset Management
Limited are registered investment advisers under the Investment Advisers
Act of 1940.
SOURCE Aberdeen Asia-Pacific Income Fund, Inc.
 back to top
Related links:
http://www.aberdeenfax.com
http://www.aberdeen-asset.com
CONTACT:
Investor Relations, +800-522-5465,
InvestorRelations@aberdeen-asset.com
|
