TORONTO, ON / ACCESSWIRE / August 9, 2024 / abrdn Asia-Pacific Income Investment Fund VCC (TSX:FAP)(UEN: T21VC0235H) (the “Company”), a closed-end investment company listed on the Toronto Stock Exchange, today announced that it will pay a monthly dividend of C$1.75 per share on August 30, 2024 to all shareholders of record as of August 23, 2024 (ex-date is August 23, 2024).
The policy of our Board of Directors is to maintain a stable monthly dividend. For the twelve months ended July 31, 2024, we paid dividends of C$21.0 per common share.
As a Singapore-based company, all dividends are treated as foreign income for Canadian income tax purposes. Shareholders with a registered address in Canada will receive dividends in Canadian dollars unless they elect otherwise.
The Company's estimated sources of dividends so far this fiscal year are as follows:
total
Dividends Cumulative dividends for the fiscal year
(Foreign income)
Estimated composition of dividends from profits
The estimated portion of any distribution that exceeds available net investment income
$0.1750
$0.1733
$0.0018
Shareholders should not draw any conclusions about our investment performance from our current dividend amount. The dividend amounts and sources of dividends set forth above are estimates and are not provided for tax reporting purposes. Final determination of the sources of all dividends to be made in 2024 will be made after the end of fiscal year 2024. The actual dividend amounts and sources of dividends for tax reporting purposes will depend on our performance for the remainder of the calendar year and are subject to changes in applicable tax laws. Information for tax reporting purposes will be provided to our shareholders on Form T5 in February 2025.
Important Information
Past performance is not a guarantee of future results. Investment income and principal will fluctuate and shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data presented. Data returned in NAV includes investment management fees, custodian fees, bank loan fees, administrative fees (such as directors' and legal fees) and assumes reinvestment of all distributions. The Company is subject to investment risk, including the possible loss of principal. Total returns based on net asset value reflect the change in the Company's net asset value for each period. Total returns based on market price reflect changes in market value.
abrdn is the Canadian registered marketing name of abrdn Canada Limited, abrdn Inc., abrdn Investments Luxembourg SA and abrdn Alternative Funds Limited. abrdn Canada Limited (“abrdn”) is registered as a portfolio manager and exempt market dealer in all provinces and territories of Canada and as an investment fund manager in Ontario, Quebec and Newfoundland and Labrador.
Closed-end funds are traded in the secondary market through one of the stock exchanges. Our investment income and principal value will fluctuate so that an investor's shares may be worth more or less than their original cost. Closed-end fund shares may trade at a higher or lower price (premium) than our net asset value (NAV). There can be no assurance that we will achieve our investment objective. Past performance is no guarantee of future results.
www.abrdn.com/en-ca/canadaclosed
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For further information, please contact:
abrdn Asia Pacific Income Fund VCC
Investor Relations
1-800-992-6341
(email address protected)
Source: abrdn Asia-Pacific Income Fund VCC
