abrdn Asia-Pacific Income Fund VCC Announces Monthly Distribution
abrdn Asia-Pacific Income Fund VCC (TSX:FAP) announced a monthly distribution of CAD 1.75 cents per share, payable on November 29, 2024, to shareholders of record as of November 21, 2024. The company has paid total distributions of CAD 21.0 cents per ordinary share for the 12 months to October 31, 2024. As a Singapore-domiciled company, all distributions will be treated as foreign income for Canadian tax purposes. The current fiscal year distribution comes entirely from earnings, with no excess distribution over available net investment income.
abrdn Asia-Pacific Income Fund VCC (TSX:FAP) ha annunciato una distribuzione mensile di 1,75 centesimi CAD per azione, che sarà pagata il 29 novembre 2024, agli azionisti registrati al 21 novembre 2024. L'azienda ha effettuato distribuzioni totali di 21,0 centesimi CAD per azione ordinaria negli 12 mesi fino al 31 ottobre 2024. In quanto società con sede a Singapore, tutte le distribuzioni saranno trattate come reddito estero ai fini fiscali canadensi. La distribuzione per l'anno fiscale attuale proviene interamente dagli utili, senza distribuzioni eccedenti rispetto al reddito netto di investimento disponibile.
abrdn Asia-Pacific Income Fund VCC (TSX:FAP) anunció una distribución mensual de 1.75 céntimos CAD por acción, pagadera el 29 de noviembre de 2024, a los accionistas registrados a partir del 21 de noviembre de 2024. La compañía ha realizado distribuciones totales de 21.0 céntimos CAD por acción ordinaria durante los 12 meses hasta el 31 de octubre de 2024. Como empresa domiciliada en Singapur, todas las distribuciones se tratarán como ingresos extranjeros a efectos fiscales canadienses. La distribución del año fiscal actual proviene completamente de las ganancias, sin distribución adicional sobre el ingreso neto de inversión disponible.
abrdn 아시아 태평양 소득 펀드 VCC (TSX:FAP)는 주당 1.75 센트 CAD의 월 배당금을 발표했으며, 이는 2024년 11월 29일에 지급되며, 2024년 11월 21일 기준 주주에게 지급됩니다. 이 회사는 2024년 10월 31일까지의 12개월 동안 보통주당 21.0 센트 CAD의 총 배당금을 지급했습니다. 싱가포르에 본사를 둔 회사로서 모든 배당금은 캐나다 세금 목적상 외국 소득으로 취급됩니다. 현재 회계연도의 배당금은 전적으로 수익에서 발생하며, 사용 가능한 순투자 소득을 초과하는 배당금은 없습니다.
abrdn Asia-Pacific Income Fund VCC (TSX:FAP) a annoncé une distribution mensuelle de 1,75 cent CAD par action, payable le 29 novembre 2024, aux actionnaires enregistrés au 21 novembre 2024. La société a versé au total 21,0 cents CAD par action ordinaire au cours des 12 mois jusqu'au 31 octobre 2024. En tant que société domiciliée à Singapour, toutes les distributions seront considérées comme des revenus étrangers à des fins fiscales canadiennes. La distribution de l'exercice comptable actuel provient entièrement des bénéfices, sans distribution excédentaire par rapport au revenu net d'investissement disponible.
abrdn Asien-Pazifik Einkommensfonds VCC (TSX:FAP) kündigte eine monatliche Ausschüttung von 1,75 CAD-Cents pro Aktie an, die am 29. November 2024 an die zum 21. November 2024 registrierten Aktionäre ausgezahlt wird. Das Unternehmen hat in den 12 Monaten bis zum 31. Oktober 2024 insgesamt 21,0 CAD-Cents pro Stammaktie ausgeschüttet. Da es sich um ein in Singapur ansässiges Unternehmen handelt, werden alle Ausschüttungen aus kanadischer Steuerperspektive als ausländisches Einkommen behandelt. Die Ausschüttung für das laufende Geschäftsjahr stammt vollständig aus den Erträgen, ohne dass zusätzliche Ausschüttungen über das verfügbare Nettoinvestitionseinkommen hinaus erfolgen.
- Maintains stable monthly dividend distribution policy
- Distribution fully covered by earnings with no return of capital
- None.
Insights
This monthly distribution announcement reveals a
The fund's commitment to maintaining stable distributions despite market volatility provides predictable income for investors. However, it's noteworthy that the estimated distribution components show the entire amount coming from earnings, with no return of capital, indicating healthy underlying portfolio performance. This suggests sustainable distribution levels backed by actual investment income rather than capital returns.
TORONTO, ON / ACCESSWIRE / November 11, 2024 / abrdn Asia-Pacific Income Investment Fund VCC (TSX:FAP)(UEN:T21VC0235H) (the "Company"), a closed-end investment company trading on the Toronto Stock Exchange, announced today that it will pay a monthly distribution of CAD 1.75 cents per share on November 29, 2024 to all shareholders of record as of November 21, 2024 (ex-dividend date November 21, 2024).
The policy of the Company's Board of Directors is to maintain a stable monthly distribution. For the 12 months to October 31, 2024, the Company has paid total distributions amounting to CAD 21.0 cents per ordinary share.
As a Singapore domiciled company, all distribution payments will be treated as foreign income for Canadian income tax purposes. Shareholders with registered addresses in Canada will receive distributions in Canadian dollars unless they have elected otherwise.
The Company's estimated sources of the current fiscal year to date distributions is as follows:
Total Distributions Dividends Declared Fiscal Year to Date (Foreign Income) | Estimated Component of Distribution from Earnings | Estimated Component of Distribution in Excess of Available Net Investment Income |
Shareholders should not draw any conclusions about the Company's investment performance from the amount of the Company's current distribution. The amounts and sources of distributions set out above are estimates only and are not being provided for tax reporting purposes. The final determination of the source of all distributions made in 2024 will be made after the year-ended 2024. The actual amounts and sources of the amounts of distributions for tax reporting purposes will depend upon the Company's results during the remainder of the calendar year and are subject to any changes to applicable tax regulations. Information for tax reporting purposes will be provided to the Company's shareholders on a Form T5 in February of 2025.
Important Information
Past performance is no guarantee of future results. Investment returns and principal will fluctuate and shares, when sold, may be worth more or less than the original cost. Current performance may be lower or higher than the performance data quoted. NAV returned data includes investment management fees, custodial charges, bank loan expenses and administrative fees (such as Director and legal fees) and assumes the reinvestment of all distributions. The Company is subject to investment risk, including the possible loss of principal. Total return based on net asset value reflects changes in the Company's net asset value during each period. Total return based on market price reflects changes in market value.
abrdn is the registered marketing name in Canada for the following entities: abrdn Canada Limited, abrdn Inc., abrdn Investments Luxembourg S.A., and abrdn Alternative Funds Limited. abrdn Canada Limited ("abrdn") is registered as a Portfolio Manager and Exempt Market Dealer in all provinces and territories of Canada as well as an Investment Fund Manager in the provinces of Ontario, Quebec, and Newfoundland and Labrador.
Closed-end funds are traded on the secondary market through one of the stock exchanges. The Company's investment return and principal value will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the Company. There is no assurance that the Company will achieve its investment objective. Past performance does not guarantee future results.
www.abrdn.com/en-ca/canadaclosedend
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For More Information Contact:
abrdn Asia-Pacific Income Fund VCC
Investor Relations
1-800-992-6341
Investor.Relations@abrdn.com
SOURCE: abrdn Asia-Pacific Income Fund VCC
View the original press release on accesswire.com
FAQ
What is the November 2024 dividend amount for abrdn Asia-Pacific Income Fund (TSX:FAP)?
When is the ex-dividend date for abrdn Asia-Pacific Income Fund's November 2024 distribution?
What is the total distribution paid by abrdn Asia-Pacific Income Fund for the 12 months to October 31, 2024?
How are abrdn Asia-Pacific Income Fund's distributions treated for Canadian tax purposes?
