Aberdeen Emerging Markets Equity Income Fund, Inc. Announces Results of Annual Meeting of Shareholders

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.

PHILADELPHIA, PA / ACCESSWIRE / March 31, 2022 / Aberdeen Emerging Markets Equity Income Fund, Inc. (the "Fund") (NYSE American:AEF) held its Annual Meeting of Shareholders (the "Meeting") on March 31, 2022. At the Meeting, shareholders of the Fund voted to re-elect one Class II Director to the Board of Directors and to approve the continuation of the term of one Director under the Fund's Corporate Governance Polices.

As of the record date, February 15, 2022, there were 50,751,778 outstanding shares of the Fund. 83.4% of the outstanding shares were voted at the Meeting representing a quorum.

The description of the proposal and number of shares voted at the Meeting are as follows:

To re-elect one Class II Director to the Board of Directors:

	Votes For	Votes Against	Abstained
William Maher	25,757,317	16,446,457	126,951

To approve the continuation of Term for Director under the Corporate Governance Policies:

	Votes For	Votes Against	Abstained
Steven N. Rappaport	41,075,759	1,130,104	124,862

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

Closed-end funds are traded on the secondary market through one of the stock exchanges. A 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 a Fund will achieve its investment objective. Past performance does not guarantee future results.

For More Information Contact:
abrdn Inc.
Investor Relations
1-800-522-5465
Investor.Relations@abrdn.com

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

SOURCE: Aberdeen Emerging Markets Equity Income Fund, Inc.

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FAQ

What were the results of the Aberdeen Emerging Markets Equity Income Fund Annual Meeting on March 31, 2022?

During the Annual Meeting, shareholders re-elected William Maher and approved the continuation of Steven N. Rappaport's term as Director.

What percentage of shares were voted at the Aberdeen Emerging Markets Equity Income Fund meeting?

83.4% of the outstanding shares were voted at the meeting.

How many shares are outstanding for the Aberdeen Emerging Markets Equity Income Fund?

As of the record date, there are 50,751,778 outstanding shares.

What were the vote counts for William Maher at the AEF Annual Meeting?

William Maher received 25,757,317 votes for and 16,446,457 votes against his re-election.

How many votes did Steven N. Rappaport receive for his continuation as Director at the AEF Annual Meeting?

Steven N. Rappaport received 41,075,759 votes for his continuation as Director.