PHILADELPHIA, April 20, 2021 /PRNewswire/ -- Aberdeen
Emerging Markets Equity Income Fund, Inc. (NYSE American: AEF), a
closed-end management investment company, announced that the
Fund will pay quarterly distributions at an annual rate, set once a
year, that is a percentage of the average daily NAV for the
previous three months as of the month-end prior to declaration. The
Board has determined that the initial annualized rate beginning
with the June 2021 distribution will
be 6.5%. This policy will be subject to regular review by the
Board.
The policy is expected to provide a steady and sustainable
quarterly cash distribution to Fund shareholders that may help
reduce any discount to NAV at which the Fund's shares trade. There
is no assurance that the Fund will achieve these results.
In approving the stable distribution policy the Board
considered, among other factors, the ability of the Fund to sustain
the policy and that making periodic distributions could increase
liquidity for common shareholders and may assist in narrowing the
discount to NAV at which the Fund's shares have tended to trade.
There can be no guarantee that these benefits will occur or that
any improvement would continue.
The distributions will be made from net investment income
generated by dividends paid from the Fund's underlying securities
and return of capital. As net assets of the Fund may vary from
quarter to quarter, the quarterly distribution may represent more
or less than one quarter of 6.5% of the Fund's net assets at the
time of distribution. Shareholders should not draw any conclusions
about the Fund's investment performance from the amount of the
distributions or the terms of the Fund's policy.
The Fund is managed and advised by Aberdeen Asset Managers
Limited. The Fund's shares trade on the NYSE American under the
symbol "AEF".
In the United States, Aberdeen
Standard Investments is the marketing name for the following
affiliated, registered investment advisers: Aberdeen Standard
Investments Inc., Aberdeen Asset Managers Ltd., Aberdeen Standard
Investments Australia Ltd., Aberdeen Standard Investments
(Asia) Ltd., Aberdeen Capital
Management, LLC, Aberdeen Standard Investments ETFs Advisors LLC
and Aberdeen Standard Alternative Funds Limited.
Closed-end funds are traded on the secondary market through one
of the stock exchanges. The 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 the Fund
will achieve its investment objective. Past performance does not
guarantee future results.
If you wish to receive this information
electronically, please contact
Investor.Relations@aberdeenstandard.com
aberdeenaef.com
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SOURCE Aberdeen Emerging Markets Equity Income Fund, Inc.