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abrdn Emerging Markets Equity Income Fund, Inc. - AEF STOCK NEWS

Welcome to our dedicated page for abrdn Emerging Markets Equity Income Fund news (Ticker: AEF), a resource for investors and traders seeking the latest updates and insights on abrdn Emerging Markets Equity Income Fund stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect abrdn Emerging Markets Equity Income Fund's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of abrdn Emerging Markets Equity Income Fund's position in the market.

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End-of-Day
1.19%
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Rhea-AI Summary

abrdn Emerging Markets Equity Income Fund (NYSE American: AEF) held its Annual Meeting of Shareholders on April 17, 2023. During the meeting, shareholders voted to re-elect Steven N. Rappaport as a Class III Director. Out of 50,751,779 outstanding shares, 85.0% were voted, achieving quorum.

Vote breakdown for Rappaport’s re-election:

  • Votes For: 23,207,835
  • Votes Against: 19,727,371
  • Abstained: 223,055

It is important to note that closed-end funds like AEF may trade at a premium or discount to their net asset value, and past performance is not indicative of future results.

Rhea-AI Impact
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End-of-Day
-0.19%
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Rhea-AI Summary

Aberdeen Emerging Markets Equity Income Fund (NYSE: AEF) held its Annual Meeting of Shareholders on March 31, 2022. Shareholders voted to re-elect one Class II Director, William Maher, with 25,757,317 votes in favor versus 16,446,457 against. Additionally, they approved the continuation of Steven N. Rappaport's term as Director, receiving 41,075,759 votes for and 1,130,104 against. A quorum of 83.4% of the 50,751,778 outstanding shares was present at the meeting.

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End-of-Day
1.77%
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The Aberdeen Emerging Markets Equity Income Fund, Inc. (NYSE American: AEF) has announced a new quarterly distribution policy set at an annual rate of 6.5%, starting with the June 2021 distribution. This stable distribution plan aims to provide shareholders with consistent cash flow and may help reduce the fund's share discount to net asset value (NAV). The distributions will be sourced from net investment income and may vary in amount based on the fund's net assets. The Board will regularly review this policy.

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Rhea-AI Sentiment
End-of-Day
0.58%
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On April 1, 2021, the Aberdeen Emerging Markets Equity Income Fund (NYSE American: AEF) held its Annual Meeting of Shareholders. A total of 83.55% of outstanding shares were voted, confirming a quorum with 50,751,778 shares. During the meeting, shareholders re-elected Nancy Yao Maasbach and Rahn Porter as Class I Directors. Steven N. Rappaport's term was approved to continue under the Fund's Corporate Governance Policies. The Fund's shares may trade at a premium or discount to net asset value, and investment returns can fluctuate.

Rhea-AI Impact
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-0.68%
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Aberdeen Emerging Markets Equity Income Fund (AEF) announced a quarterly distribution of $0.063 per share, payable on March 31, 2021, to shareholders recorded as of March 24, 2021. This distribution adheres to the Fund's quarterly payout policy based on net investment income from dividends. The annualized distribution rate remains at 2.5% for 2021, under constant review by the Board. Shareholders will receive a Form 1099-DIV in January 2022 for tax purposes. The Fund's shares are traded on NYSE American under the symbol AEF.

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Rhea-AI Sentiment
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-0.34%
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Aberdeen Emerging Markets Equity Income Fund (NYSE American: AEF) announced a special distribution of US$0.08033 per share on January 8, 2021. Shareholders on record as of December 31, 2020 will receive this distribution, which comprises solely of net investment income. The Fund plans to maintain its annualized distribution rate at 2.5% for 2021, paid quarterly. A Form 1099-DIV will inform shareholders about the distributions' tax treatment. The Fund's shares may trade at a premium or discount to their net asset value, with no assurance of achieving investment objectives.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.75%
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The Aberdeen Emerging Markets Equity Income Fund (NYSE American: AEF) announced a distribution of $0.054 per share, scheduled for January 8, 2021. Shareholders of record by December 31, 2020 will receive this payment, with an ex-dividend date of December 30, 2020. The fund aims for a consistent quarterly distribution rate of 2.5% for 2020, based on estimated net investment income from dividends. A Form 1099-DIV will be issued in January 2021 detailing distribution composition for tax purposes. Historical performance does not guarantee future results.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.01%
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Rhea-AI Summary

Aberdeen Emerging Markets Equity Income Fund, Inc. (NYSE American: AEF) announced a distribution of $0.0437 per share, payable on September 30, 2020, to shareholders of record by September 21, 2020. The ex-dividend date is September 18, 2020. The Fund's annualized distribution rate for 2020 is set at 2.5%, based on estimated dividend income. Shareholders will receive a Form 1099-DIV in January 2021 detailing distribution amounts for tax purposes. The Fund is managed by Aberdeen Asset Managers Limited, trading on NYSE under AEF.

Rhea-AI Impact
Rhea-AI Sentiment
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0.31%
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FAQ

What is the current stock price of abrdn Emerging Markets Equity Income Fund (AEF)?

The current stock price of abrdn Emerging Markets Equity Income Fund (AEF) is $4.871 as of April 16, 2024.

What is the market cap of abrdn Emerging Markets Equity Income Fund (AEF)?

The market cap of abrdn Emerging Markets Equity Income Fund (AEF) is approximately 247.2M.

abrdn Emerging Markets Equity Income Fund, Inc.

NYSE:AEF

AEF Rankings

AEF Stock Data

247.21M
50.75M
73.95%
0.03%
Asset Management
Financial Services
Link
United States of America
Aberdeen