Aberdeen Asia-Pacific Income Fund Inc

Aberdeen Asset Management PLC is a global investment management group, managing assets for both institutions and private individuals from offices around the world.  Aberdeen Asset Management PLC aims for strong investment performance through original thinking and first-hand research.  Its mission is to deliver strong fund performance across diverse asset classes in which we believe we have a sustainable competitive edge.

Aberdeen Income Credit Strategies Fund

PHILADELPHIA, PA / ACCESSWIRE / November 11, 2024 / The following abrdn U.S. Closed-End Funds (NYSE:ACP, AGD, AOD, ASGI, AWP, HQH, HQL, IFN, JEQ, THQ, THW)(NYSE American:FAX, FCO, IAF, VFL), announced today that the closed end funds in the chart directly below will pay the distributions indicated on a per share basis on November 29, 2024 to all shareholders of record as of November 21, 2024 (ex-dividend date November 21, 2024). These dates apply to the Funds listed below with the exception of the abrdn Healthcare Investors (HQH), the abrdn Life Sciences Investors (HQL), the abrdn Australia Equity Fund, Inc. (IAF), the India Fund, Inc. (IFN) and the abrdn Japan Equity Fund, Inc. (JEQ) which will pay on January 10, 2025 to all shareholders of record as of November 21, 2024 (ex-dividend date November 21, 2024).

abrdn U.S. Closed-End Funds Announce Distribution Payment Details

The abrdn Asia-Pacific Income Fund Inc saw a share price jump due to a 1-for-6 reverse stock split, not improved performance. FAX's recent returns have been modest, benefiting from easing global interest rates, but the long-term sustainability of its distribution remains a question. I recommend investors avoid FAX and consider North American investment-grade bonds for safer and more reliable yields.

FAX: Modest Rebound In Performance But Still An Avoid

Flaherty & Crumrine Preferred Securities Income Fund Inc

Invesco Municipal Opportunity Trust

“Buy bonds!” – Contrarian Outlook, 2H 2022

3 High Yield Closed-End Funds Offer Big Discounts

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a 'AA-' rating to Series B Mandatory Redeemable Preferred Shares (“MRPS”) issued by abrdn Asia-Pacific Income Fund, Inc. (NYSE: FAX) (“FAX” or the “Fund”). Additionally, KBRA affirms the rating assigned to Series C, D and E Senior Notes. The Outlook on all ratings is Stable. The ratings continue to be supported by the asset coverage, the credit quality and liquidity of the underlying assets, and the management experience of the Fund's investment adviser,.

KBRA Assigns a Rating to Series B Mandatory Redeemable Preferred Shares and Affirms Ratings of the Senior Notes Issued by abrdn Asia-Pacific Income Fund, Inc. (FAX)

PHILADELPHIA, PA / ACCESSWIRE / October 3, 2024 / abrdn Asia-Pacific Income Fund, Inc. (NYSE MKT:FAX) (the "Fund"), a closed-end fund, today announced the closing of a private offering of 4 million shares of Series B Mandatory Redeemable Preferred Shares due 2029 (the "Series B MRPS"). The Series B MRPS, with a liquidation value of $100 million, are rated AA- by Kroll Bond Rating Agency, LLC ("KBRA").

abrdn Asia-Pacific Income Fund, Inc. (FAX) Announces Issuance Of Series B Mandatory Redeemable Preferred Shares

Nuveen Preferred & Income Term Fund

We review the CEF market valuation and performance through the fourth week of August and highlight recent market action. CEFs had a strong week, with most sectors finishing in the green, supported by lower Treasury yields. PIMCO Muni CEF coverage has increased - an expected outcome of its ARPS retirement. However, the size of the boost looks overdone.

CEF Weekly Review: Reverse Splits Are Never A Good Sign

PHILADELPHIA, PA / ACCESSWIRE / August 19, 2024 / abrdn Asia-Pacific Income Fund, Inc. (NYSE American:FAX) (the "Fund"), a closed-end fund, announced today that the Fund's Board of Directors approved a 1-for-6 reverse stock split of the Fund's common stock. The Fund anticipates completing a 1-for-6 reverse stock split prior to the open of trading on the New York Stock Exchange (the "NYSE") on September 9, 2024, for common stockholders of record as of the close of business on September 6, 2024.

abrdn Asia-Pacific Income Fund, Inc. Announces Details of Upcoming 1-For-6 Reverse Stock Split

The Global X Cybersecurity ETF tracks the performance of the Indxx Cybersecurity Index, offering exposure to companies benefiting from increased adoption of cybersecurity technology.

FAX: With The China Stress Behind Us, Asian Debt Looks Attractive

Alpine Global Dynamic Dividend Fund

Alpine Total Dynamic Dividend Fund

Aberdeen Standard Global Infr Inc Fd

Alpine Global Premier Properties Fund

Aberdeen Global Income Fund

Aberdeen Australia Equity Fund Inc

India Fund Inc

Aberdeen Japan Equity Fund Inc

abrdn World Healthcare Fund 

Delaware Investments

This release provides an update to the performance tables regarding the IAF Estimated Amounts of Current Distribution per Share and Estimated Amounts of Fiscal Year to Date Cumulative Distributions per Share PHILADELPHIA, PA / ACCESSWIRE / February 13, 2024 / The following abrdn U.S. Closed-End Funds (NYSE:ACP),(NYSE:AGD),(NYSE:AOD),(NYSE:ASGI),(NYSE:AWP),(NYSE:IFN),(NYSE:JEQ) and (NYSE American:FAX),(NYSE American:FCO),(NYSE American:IAF),(NYSE American:THW),(NYSE American:VFL), announced today that the closed end funds in the chart directly below will pay the distributions indicated on a per share basis on February 29, 2024 to all shareholders of record as of February 22, 2024 (ex-dividend date February 21, 2024). These dates apply to the Funds listed below with the exception of the abrdn Australia Equity Fund, Inc. (IAF), the India Fund, Inc. (IFN) and the abrdn Japan Equity Fund, Inc. (JEQ) which will pay on March 28, 2024, to all shareholders of record as of February 22, 2024 (ex-dividend date February 21, 2024).

CORRECTION: abrdn U.S. Closed-End Funds Announce Distribution Payment Details

abrdn Life Sciences Investors 

PHILADELPHIA, PA / ACCESSWIRE / January 10, 2024 / The following abrdn U.S. Closed-End Funds (NYSE:ACP)(NYSE:AGD)(NYSE:AOD)(NYSE:ASGI)(NYSE:AWP) and (NYSE American:FAX)(NYSE American:FCO)(NYSE American:THQ)(NYSE American:THW)(NYSE American:VFL), announced today that the closed end funds in the chart directly below will pay the distributions indicated on a per share basis on January 31, 2024 to all shareholders of record as of January 24, 2024 (ex-dividend date January 23, 2024). Ticker Exchange Fund Amount ACP NYSE abrdn Income Credit Strategies Fund $ 0.1000 AGD NYSE abrdn Global Dynamic Dividend Fund $ 0.0650 AOD NYSE abrdn Total Dynamic Dividend Fund $ 0.0575 ASGI NYSE abrdn Global Infrastructure Income Fund $ 0.1600 AWP NYSE abrdn Global Premier Properties Fund $ 0.0400 FAX NYSE American Abrdn Asia-Pacific Income Fund, Inc. $ 0.0275 FCO NYSE American abrdn Global Income Fund, Inc. $ 0.0700 THQ NYSE American abrdn Healthcare Opportunities Fund $ 0.1125 THW NYSE American abrdn World Healthcare Fund $ 0.1167 VFL NYSE American abrdn National Municipal Income Fund $ 0.0375 At the end of each calendar year, a Form 1099-DIV will be sent to shareholders, which will state the amount and composition of each fund's distributions and provide information with respect to their appropriate tax treatment for the prior calendar year.

abrdn U.S. Closed End Funds Announce Distribution Payment Details

Emerging Asian bonds, the key focus of abrdn's Asia-Pacific Income Fund, have been a beacon of resilience this year. Relative spreads are perhaps too narrow at this point, though, and could be vulnerable to a correction as longer-duration Treasuries normalize. FAX hasn't offered the returns to justify its high expense, levered portfolio and could be particularly vulnerable in a downturn.

FAX: A Risky Play On Emerging Asian Bonds

abrdn Asia-Pacific Income Fund (FAX) invests in fixed income securities in the Asia-Pacific region, with a history of paying dividends and a current yield of 12.6%. FAX primarily invests in growing, large, and less risky economies, with a portfolio that includes government bonds and investment-grade sovereign bonds. The fund has been relatively unaffected by interest rate hikes but has been impacted by credit spread widening, and its portfolio is considered relatively low risk.

FAX: High-Yielding Asia-Pacific Fixed Income Fund Still Available At A Deep Discount

NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA assigns a rating of ‘AAA' for Senior Notes and ‘AA-' to the Mandatory Redeemable Preferred Shares (“MRPS”) issued by abrdn Asia-Pacific Income Fund, Inc. (NYSE: FAX) (“FAX” or the “Fund”). The Fund is registered under the Investment Company Act of 1940 and is a non-diversified closed-end investment fund. The investment adviser to the Fund is abrdn Asia Limited and the subadviser is abrdn Investments Limited. The Fund had its Initial Public Offering in April 1986,.

KBRA Assigns Ratings to the Senior Notes and Mandatory Redeemable Preferred Shares Issued by abrdn Asia-Pacific Income Fund, Inc. (FAX)

PHILADELPHIA, PA / ACCESSWIRE / June 16, 2023 / abrdn Asia-Pacific Income Fund, Inc. (NYSE:FAX) announced today that its Board of Directors has elected to terminate, effective June 16, 2023, the designation of Fitch Ratings, Inc. (Fitch) as the rating agency for each series of the Fund's Senior Notes and the Fund's Mandatory Redeemable Preferred Shares (MRPS). Each has replaced Fitch with Kroll Bond Rating Agency LLC (KBRA), a nationally recognized statistical rating organization (NRSRO).

abrdn Asia-Pacific Income Fund, Inc. Announces Change in Rating Agency to Kroll Bond Rating Agency from Fitch Ratings for Senior Notes and Mandatory Redeemable Preferred Shares

TORONTO, ON / ACCESSWIRE / March 9, 2023 / abrdn Asia-Pacific Income Fund VCC (TSX:FAP)(UEN:T21VC0235H) (the "Company"), a closed-end investment company trading on the Toronto Stock Exchange, announced today the results of the Annual General Meeting of Shareholders (the "Meeting"), held on March 9, 2023 in Singapore. The Company is pleased to announce that shareholders have approved all resolutions.

abrdn Asia-Pacific Income Fund VCC Announces Results of Annual General Meeting

TORONTO, ON / ACCESSWIRE / March 9, 2023 / abrdn Asia-Pacific Income Investment Fund VCC (TSX:FAP)(UEN:T21VC0235H) (the "Company"), a closed-end investment company trading on the Toronto Stock Exchange, announced today that it will pay a monthly distribution of CAD 1.75 cents per share on March 31, 2023 to all shareholders of record as of March 24, 2023 (ex-dividend date March 23, 2023). As announced on January 17, 2023, the monthly distribution of CAD 1.75 cents per share is a reduction in the distribution rate from CAD 2.25 cents per share per month.

abrdn Asia-Pacific Income Fund VCC Announces Monthly Distribution

Aberdeen Asia-Pacific Income Fund, Inc. primarily invests in Asian bonds to fund its high distribution yield. The FAX closed-end fund currently pays a $0.275/month distribution for a 12.0% forward yield.

FAX: Asian Bond Fund With A Shrinking NAV/Distribution Problem

ASA Gold and Precious Metals Ltd

Morgan Stanley China A Share Fund Inc

Central and Eastern Europe Fund

Virtus Stone Harbor Emerging Markets Income Fund 

Templeton Global Income Fund

Japan Smaller Capitalization Fund

Franklin Templeton Dragon Fund

Franklin Templeton Emerging Markets Income Fund

For the first month in three, equity CEFs (-3.12% on a NAV basis) on average witnessed negative performance. While their fixed income CEF cohorts (-0.28%) posted losses for the fourth month in five.

The Month In Closed-End Funds: December 2022

FAX pays monthly dividends and generates an annual yield in the range of 7 to 10 percent. Average yield during the past 5 years was close to 10 percent. FAX's portfolio is comparatively less risky, due to its diversification, lower volatility, and investing in growing, large, less risky, and credible economies.

FAX: Investing In Low Risk Fixed Income Securities In The Right Markets

One update to the first performance table estimating the amount sources of the distribution. abrdn Global Infrastructure Income Fund ("ASGI") abrdn Asia-Pacific Income Fund, Inc. ("FAX") PHILADELPHIA, PA / ACCESSWIRE / December 1, 2022 / The above-noted abrdn U.S. Closed-End Funds (the "Funds" or individually the "Fund"), today announced that the Funds paid the distributions noted in the table below on November 30, 2022, on a per share basis to all shareholders of record as of November 22, 2022 (ex-dividend date November 21, 2022).

CORRECTION FROM SOURCE: abrdn U.S. Closed-End Funds Announce Distribution Payment Details

AllianceBernstein Global High Income Fund Inc

BlackRock Enhanced Equity Dividend Trust

BlackRock Science & Technology

BlackRock Credit Allocation Income Trust

Nuveen S&P 500 Buy-Write Income Fund

DoubleLine Income Solutions Fund

Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Eaton Vance Tax-Managed Diversified Equity Income Fund

Eaton Vance Limited Duration Income Fund

Eaton Vance Tax-Managed Global Diversified Equity Income Fund

First Trust Intermediate Duration Preferred & Income Fund

Highland Income Fund

BlackRock Corporate High Yield Fund

Nuveen Preferred & Income Opportunities Fund

Nuveen Preferred & Income Securities Fund

Nuveen Credit Strategies Income Fund

Virtus Dividend Interest & Premium Strategy Fund

PIMCO Dynamic Income Fund

PIMCO Dynamic Income Opportunities Fund

After the Fed hiked interest rates for the fourth time this year, closed-end fund investors may wonder how their income will be affected. Past cycles have shown that valuations fall ahead of time in anticipation of rising rates.

Income Opportunities: CEFs And Rising Rates

FAX is a closed-end fund focused on emerging markets' fixed income. The vehicle is down -25% YTD, but more worryingly exposes a deeply negative decade-long total return.

FAX: Just Get Out And Don't Look Back

Aberdeen Emerging Markets Equity Income Fund Inc

PHILADELPHIA, PA / ACCESSWIRE / June 10, 2022 / The following abrdn U.S. Closed-End Funds (collectively, the "Funds") announced today that the Funds' respective boards have approved a name change for each of the Funds, to be effective June 30, 2022, as set forth below. The Funds' ticker symbols and CUSIPs are not changing.

Certain abrdn U.S. Closed-end Funds Announce Name Changes

PHILADELPHIA, PA / ACCESSWIRE / March 9, 2022 / The following abrdn U.S. Closed-End Funds announced today that the closed-end funds in the chart directly below will pay the distributions indicated on a per share basis on March 31, 2022 to all shareholders of record as of March 24, 2022 (ex-dividend date March 23, 2022). Ticker Exchange Fund Amount ACP NYSE Aberdeen Income Credit Strategies Fund $ 0.10 AGD NYSE Aberdeen Global Dynamic Dividend Fund $ 0.065 AEF NYSE American Aberdeen Emerging Markets Equity Income Fund, Inc. $ 0.14 AOD NYSE Aberdeen Total Dynamic Dividend Fund $ 0.0575 ASGI NYSE Aberdeen Standard Global Infrastructure Income Fund $ 0.1083 AWP NYSE Aberdeen Global Premier Properties Fund $ 0.04 FAX NYSE American Aberdeen Asia-Pacific Income Fund, Inc. $ 0.0275 FCO NYSE American Aberdeen Global Income Fund, Inc. $ 0.07 At the end of each calendar year, a Form 1099-DIV will be sent to shareholders, which will state the amount and composition of each fund's distributions and provide information with respect to their appropriate tax treatment for the prior calendar year.

Abrdn U.S. Closed-End Funds Announce Distribution Payment Details

FAX is an Asian fixed income CEF with significant China bond exposure. Since we wrote our Bearish article, the fund is down on a total return basis more than 8% annualized.

News for Aberdeen Asia-Pacific Income Fund Inc ETF (FAX)