On Monday Aberdeen Asia-Pacific Income Fund (NYSE:FAX) started its trading session with the price $4.28 and closed at price of $4.29 by scoring 0.7%. Day range of the stock was $4.27 – $4.29. FAX stock traded with total volume of 622117 shares while the average trading capacity remained 496328 shares. Earnings per share was $-0.43. FAX has total market capitalization of $1068126335.
On Nov. 11, 2019, Aberdeen Asia-Pacific Income Fund (NYSE American:FAX) a closed-end fund, released that it will pay on November 29, 2019, a distribution of US $0.0275 per share to all shareholders of record as of November 21, 2019 (ex-dividend date November 20, 2019). The Fund has reduced its monthly distribution from $0.035 per share to $0.0275 per share, commencing with the distribution payable on April 30, 2019.
Your Fund’s distribution policy 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.
Under U.S. tax rules applicable to the Fund, the amount and character of distributable income for each fiscal year can be finally determined only as of the end of the Fund’s fiscal year. However, under Section 19 of the Investment Company Act of 1940, as amended (the 1940 Act) and related Rules, the Fund may be required to indicate to shareholders the source of certain distributions to shareholders.
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