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TORONTO, ON / ACCESSWIRE / February 9, 2024 / abrdn Asia Pacific Income Investment Fund VCC (TSX:FAP)(UEN: T21VC0235H) The Company (the “Company”), a closed-end investment company traded on the Toronto Stock Exchange, announced today that, effective February 29, 2024, all shareholders of record as of February 22, 2024, will receive a monthly payment of $1.75 per share. announced that it would pay distributions in Canadian dollars. 2024 (ex-dividend date February 21, 2024).
Our Board of Directors’ policy is to maintain stable monthly distributions. During the twelve months ended January 31, 2024, the Company paid total distributions of C$21.0 per common share.
As a Singapore-based company, all distribution payments 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 distribution sources for the current fiscal year to date are as follows:
|
total Distributions Dividends declared Financial year to date (Foreign income) |
Estimated components of profit distribution |
Estimated component of distributions in excess of available net investment income |
|
$0.0700 |
$0.0700 |
– |
Stockholders should not draw any conclusions about our investment performance from our current distribution amounts. The distribution amounts and sources listed above are estimates only and are not provided for tax reporting purposes. Final determination of the source of all distributions made in 2024 will be made after the end of 2024. The actual amount and source of distributions for tax reporting purposes will depend on our performance for the remainder of the calendar year. Applicable tax laws may change. Information for tax reporting purposes will be provided to our shareholders in February 2025 on Form T5.
Important information
Past performance does not guarantee future results. Investment return and principal value will fluctuate, so shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. The data returned in NAV includes investment management fees, custodial fees, bank loan fees, and administration fees (such as director fees and legal fees) and assumes that all distributions are reinvested. We are exposed to investment risks, including possible loss of principal. Total return based on net asset value reflects changes in the Company’s net asset value from period to period. Total returns based on market prices reflect changes in market value.
abrdn is the registered Canadian marketing name of abrdn Canada Limited, abrdn Inc., abrdn Investments Luxembourg SA, abrdn Private Equity (Europe) Limited, abrdn Capital Partners LLP and abrdn Alternative Funds Limited. abrdn Canada Limited is registered as a portfolio manager and duty-free 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 trade on the secondary market through stock exchanges. The return and principal value of our investments will fluctuate, so an investor’s shares may be worth more or less than their original cost. Shares of closed-end funds may be worth more (premium) or less (discount) than our net asset value (NAV). There is no guarantee that we will achieve our investment objectives. Past performance does not guarantee future results.
https://www.abrdn.com/en-ca/canadaclosed
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For more information, please contact us at:
abrdn Asia Pacific Income Fund VCC
PR for investors
1-800-992-6341
Investor.Relations@abrdn.com
sauce: abrdn Asia Pacific Income Fund VCC
View the original press release at accesswire.com
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