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abrdn Asia-Pacific Income Fund, Inc - FAX STOCK NEWS

Welcome to our dedicated page for abrdn Asia-Pacific Income Fund news (Ticker: FAX), a resource for investors and traders seeking the latest updates and insights on abrdn Asia-Pacific Income Fund stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect abrdn Asia-Pacific Income Fund's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of abrdn Asia-Pacific Income Fund's position in the market.

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0.7%
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Aberdeen Asia-Pacific Income Fund (NYSE American: FAX) announced a monthly distribution of $0.0275 per share, payable on April 30, 2021, to shareholders of record as of April 23, 2021. The fund's distribution policy aims to provide stable monthly distributions from current income, capital gains, and paid-in capital. As of March 31, 2021, the fund reported a net deficit of $28,036,000 due to unrealized losses exceeding realized gains. Shareholders are cautioned that the distribution amounts are estimates and may impact future investment performance.

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1.88%
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The Aberdeen Asia-Pacific Income Fund, Inc. (NYSE American: FAX) held its Annual Meeting of Shareholders on April 29, 2021. Shareholders voted to elect Radhika Ajmera as a Class III Director and William J. Potter as a Preferred Share Director, achieving a quorum with 70.56% of common shares and 100% of preferred shares voted. Peter D. Sacks retired, and Martin J. Gilbert's term expired, reducing the Board size from six to five directors. The Board appointed Moritz Sell as Audit and Valuation Committee Chair, ensuring continued governance amid leadership changes.

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Rhea-AI Summary

Aberdeen Asia-Pacific Income Fund, (NYSE American: FAX), announced a monthly distribution of $0.0275 per share, payable on April 30, 2021. Shareholders of record as of April 23, 2021 will be eligible for this distribution. The Fund's distribution policy aims to provide stable monthly distributions sourced from net investment income, capital gains, and to an extent, paid-in capital. Currently, the Fund estimates a net deficit of $28,036,000 as of March 31, 2021. Shareholders should consider the distribution policy's potential effects on net assets and consult tax advisors regarding any implications.

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1.43%
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Aberdeen Asia-Pacific Income Fund (NYSE American: FAX) announced a distribution of $0.0275 per share on March 31, 2021, to shareholders of record as of March 24, 2021. This monthly distribution comprises net investment income, short-term capital gains, and return of capital, with an estimated 49% coming from net investment income. As of February 28, 2021, the Fund reported a net deficit of $7,114,000, reflecting unrealized losses. The Fund's distribution policy aims to provide stable monthly income; however, a portion may be a return of capital, which does not necessarily indicate performance.

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Rhea-AI Sentiment
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1.47%
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Rhea-AI Summary

Aberdeen Asia-Pacific Income Fund (NYSE American: FAX) announced a distribution of $0.0275 per share, payable on March 31, 2021, to shareholders of record as of March 24, 2021. The distribution is part of the Fund's policy to provide stable monthly distributions from current income, supplemented by realized capital gains and return of capital. As of February 28, 2021, the Fund estimates a net deficit of $7,114,000. Shareholders should not assume performance conclusions from distribution amounts, as the sources and amounts may vary and will be finalized at year-end.

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Rhea-AI Sentiment
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-0.23%
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Rhea-AI Summary

On February 26, 2021, Aberdeen Asia-Pacific Income Fund (NYSE American: FAX) announced a monthly distribution of $0.0275 per share to shareholders recorded as of February 19, 2021. This distribution represents a combination of 49% from net investment income, 20% from net realized short-term capital gains, and 31% as a return of capital. The fund aims to provide a stable monthly income from current earnings and realized gains. Shareholders are cautioned that distributions may not reflect the fund's overall investment performance.

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Rhea-AI Sentiment
End-of-Day
0.7%
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Rhea-AI Summary

Aberdeen Asia-Pacific Income Fund (NYSE American: FAX) announced a distribution of $0.0275 per share, payable on February 26, 2021, to shareholders of record by February 19, 2021. The fund emphasizes providing stable monthly distributions, which may include returns of capital alongside income and realized gains. As of January 31, 2021, the Fund's estimated return on net asset value (NAV) over five years is 6.67%, with a current annualized distribution rate of 6.78%. Shareholders are advised that distribution sources may vary and to consult tax advisors for implications.

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0.89%
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Rhea-AI Summary

On January 29, 2021, Aberdeen Asia-Pacific Income Fund (NYSE American: FAX) announced a monthly distribution of $0.0275 per share for shareholders recorded as of January 22, 2021. The ex-dividend date was set for January 21, 2021. The Fund aims to provide stable monthly distributions funded by current income and capital gains. For fiscal year to date, net investment income accounted for 45% of the distribution, while 55% was classified as return of capital. Investors are cautioned that returns may not reflect the Fund's investment performance.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.39%
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Rhea-AI Summary

Aberdeen Asia-Pacific Income Fund (NYSE American: FAX) announced a monthly distribution of $0.0275 per share, payable on January 29, 2021, to shareholders of record as of January 22, 2021. The distribution is sourced primarily from net investment income ($0.0124 per share, 45%) and return of capital ($0.0151 per share, 55%). For the fiscal year to date, cumulative distributions total $0.0825 per share. Shareholders are cautioned that a portion of the distribution may be a return of capital, which does not reflect the Fund's investment performance. The Fund's Board retains the right to amend the distribution policy at any time.

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-0.23%
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FAQ

What is the current stock price of abrdn Asia-Pacific Income Fund (FAX)?

The current stock price of abrdn Asia-Pacific Income Fund (FAX) is $15.26 as of December 23, 2024.

What is the market cap of abrdn Asia-Pacific Income Fund (FAX)?

The market cap of abrdn Asia-Pacific Income Fund (FAX) is approximately 634.9M.

abrdn Asia-Pacific Income Fund, Inc

AMEX:FAX

FAX Rankings

FAX Stock Data

634.93M
41.28M
0%
35.6%
0.1%
Asset Management
Financial Services
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United States of America
Singapore