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

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.

Positive

• Successful re-election of director Steven N. Rappaport can indicate stability in leadership.

Negative

• Significant opposition with 19,727,371 votes against Rappaport's re-election may reflect shareholder dissatisfaction.

PHILADELPHIA, PA / ACCESSWIRE / April 17, 2023 / abrdn Emerging Markets Equity Income Fund, Inc. (the "Fund") (NYSE American:AEF) held its Annual Meeting of Shareholders (the "Meeting") on April 17, 2023. At the Meeting, shareholders of the Fund voted to re-elect one Class III Director to the Board of Directors.

As of the record date, March 3, 2023, there were 50,751,779 outstanding shares of the Fund. 85.0% 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 III Director to the Board of Directors:

	Votes For	Votes Against	Abstained
Steven N. Rappaport	23,207,835	19,727,371	223,055

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

https://www.abrdnaef.com/

For More Information Contact:

abrdn Inc.
Investor Relations
800-522-5465
Investor.Relations@abrdn.com

SOURCE: abrdn Emerging Markets Equity Income Fund, Inc.

View source version on accesswire.com:
https://www.accesswire.com/749636/abrdn-Emerging-Markets-Equity-Income-Fund-Inc-Announces-Results-Of-Annual-Meeting-Of-Shareholders

FAQ

What were the results of the abrdn Emerging Markets Equity Income Fund Annual Meeting on April 17, 2023?

At the Annual Meeting, shareholders re-elected Steven N. Rappaport as a Class III Director with 23,207,835 votes for and 19,727,371 votes against.

What percentage of shares voted in the AEF Annual Meeting?

85.0% of the outstanding shares were voted at the Annual Meeting.

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

The stock symbol for abrdn Emerging Markets Equity Income Fund is AEF.