TORONTO, Aug. 20 /CNW/ - Aberdeen Asia-Pacific Income Investment Company
Limited (TSX: FAP) (the "Company"), a closed-end investment
company trading on The Toronto Stock Exchange, announced today that it
will pay a monthly distribution of CAD 5.0 cents per ordinary share on
September 10, 2010 to all ordinary shareholders of record as of August
31, 2010 (ex-dividend date August 27, 2010).
For the 12 months to July 31, 2010, the Company has paid total
distributions amounting to CAD 60.0 cents per ordinary share.
The policy of the Company's Board of Directors is to maintain a stable
monthly distribution out of net investment income, supplemented by
available realized capital gains and paid-in capital as required. This
policy is subject to regular review at the Board's quarterly meetings.
The next review is scheduled to take place in September 2010.
Shareholders with registered addresses in Canada will receive
distributions in Canadian dollars unless they have elected otherwise.
Although a portion of the amount distributed is recorded as a return of
capital for financial statement purposes, the full amount of the
distribution will be foreign income for Canadian income tax purposes.
The Company is managed by Aberdeen Asset Management Asia Limited,
advised by Aberdeen Asset Management Limited and sub-advised by Aberdeen
Fund Management Limited.
Information in this press release that is not current or historical
factual information may constitute forward-looking information within
the meaning of securities laws. Implicit in this information,
particularly in respect of future financial performance and condition of
the Company, are factors and assumptions which, although considered
reasonable by the Company at the time of preparation, may prove to be
incorrect. Shareholders are cautioned that actual results are subject to
a number of risks and uncertainties, including general economic and
market factors, including credit, currency, political and interest-rate
risks and could differ materially from what is currently expected. The
Company has no specific intention of updating any forward-looking
information whether as a result of new information, future events or
otherwise, except as required by law.
SOURCE Aberdeen Asia-Pacific Income Investment Company Limited
For further information: For further information:
Aberdeen Asset Management Inc.