Aberdeen Emerging Markets Equity Income Fund, Inc. Announces Quarterly Distribution

Rhea-AI Summary

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.

Positive

• Quarterly distribution of $0.063 per share.
• Maintained annualized distribution rate of 2.5% for 2021.
• Consistent with distribution policy based on net investment income.

Negative

• No specific investment performance indicators or guarantees provided.

PHILADELPHIA, March 9, 2021 /PRNewswire/ -- Aberdeen Emerging Markets Equity Income Fund, Inc. (NYSE American: AEF) (the "Fund"), a closed-end equity fund, announced today that it will pay a distribution of US $0.063 per share on March 31, 2021 to all shareholders of record as of March 24, 2021 (ex-dividend date March 23, 2021).

As announced on December 21, 2020, consistent with the Fund's distribution policy to pay distributions quarterly, comprised of net investment income generated by dividends paid from the Fund's underlying securities, the Fund will maintain the annualized distribution rate for the 2021 calendar year at 2.5%, payable quarterly. This policy will be subject to ongoing review by the Board.

In January 2022, 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 2021 calendar year.   

The Fund is managed and advised by Aberdeen Asset Managers Limited. The Fund's shares trade on the NYSE American under the symbol "AEF". 

You should not draw any conclusions about the Fund's investment performance from the amount of this distribution. 

In the United States, Aberdeen Standard Investments is the marketing name for the following affiliated, registered investment advisers:  Aberdeen Standard Investments Inc., Aberdeen Asset Managers Ltd., Aberdeen Standard Investments Australia Ltd., Aberdeen Standard Investments (Asia) Ltd., Aberdeen Capital Management, LLC, Aberdeen Standard Investments ETFs Advisors LLC and Aberdeen Standard Alternative Funds Limited.

Closed-end funds are traded on the secondary market through one of the stock exchanges. The Fund'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 fund's portfolio. There is no assurance that the Fund will achieve its investment objective. Past performance does not guarantee future results.

If you wish to receive this information electronically, please contact Investor.Relations@aberdeenstandard.com

aberdeenaef.com

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SOURCE Aberdeen Emerging Markets Equity Income Fund, Inc.

FAQ

What is the upcoming distribution amount for AEF in March 2021?

The upcoming distribution for AEF is $0.063 per share, payable on March 31, 2021.

When is the ex-dividend date for AEF's March 2021 distribution?

The ex-dividend date for AEF's distribution is March 23, 2021.

What is the annualized distribution rate for AEF in 2021?

The annualized distribution rate for AEF is 2.5% for the 2021 calendar year.

When will shareholders receive tax information for AEF distributions?

Shareholders will receive a Form 1099-DIV in January 2022 for tax information regarding 2021 distributions.