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

Rhea-AI Summary

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.

Positive

• Special distribution of US$0.08033 per share enhances shareholder returns.
• Maintained annualized distribution rate at 2.5% for 2021, indicating stable income potential.

Negative

• None.

PHILADELPHIA, Dec. 21, 2020 /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 special distribution of US$0.08033 per share on January 8, 2021 to all shareholders of record as of December 31, 2020 (ex-dividend date December 30, 2020). This distribution is comprised entirely of net investment income.

In January 2021, 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 2020 calendar year.   

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.

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 special distribution amount for AEF announced on December 21, 2020?

The special distribution amount for Aberdeen Emerging Markets Equity Income Fund (AEF) is US$0.08033 per share.

When will the special distribution for AEF be paid?

The special distribution will be paid on January 8, 2021.

Who is eligible to receive the AEF special distribution?

Shareholders on record as of December 31, 2020, are eligible to receive the special distribution.

What is the annual distribution rate for AEF for 2021?

The annual distribution rate for AEF for 2021 is maintained at 2.5%.

Will AEF provide tax information about the special distribution?

Yes, AEF will send a Form 1099-DIV in January 2021 to provide tax information regarding the distributions.