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

Rhea-AI Summary

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.

Positive

• High shareholder participation with 83.55% of outstanding shares voted.
• Re-election of two Class I Directors indicates strong governance stability.

Negative

• None.

PHILADELPHIA, April 1, 2021 /PRNewswire/ -- Aberdeen Emerging Markets Equity Income Fund, Inc. (the "Fund") (NYSE American: AEF) held its Annual Meeting of Shareholders (the "Meeting") on April 1, 2021. At the Meeting, shareholders of the Fund voted to re-elect two  Class I Directors 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 16, 2021, there were 50,751,778 outstanding shares of the Fund.  83.55% 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 I Director to the Board of Directors:

	Votes For	Votes Against	Abstained
Nancy Yao Maasbach	40,826,205	1,436,645	138,708
Rahn Porter	40,845,417	1,437,787	118,355

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

	Votes For	Votes Against	Abstained
Steven N. Rappaport	40,795,329	1,441,108	165,121

Director whose term of office continued beyond the meeting is C. William Maher.

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

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SOURCE Aberdeen Emerging Markets Equity Income Fund, Inc.

FAQ

What was the date of the Annual Meeting for Aberdeen Emerging Markets Equity Income Fund?

The Annual Meeting was held on April 1, 2021.

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

83.55% of the outstanding shares were voted at the meeting.

Who were the re-elected Directors at the Aberdeen Emerging Markets Equity Income Fund meeting?

Nancy Yao Maasbach and Rahn Porter were re-elected as Class I Directors.

Did the fund approve the continuation of any Director's term?

Yes, the continuation of Steven N. Rappaport's term was approved.

What is the stock symbol for the Aberdeen Emerging Markets Equity Income Fund?

The stock symbol is AEF.