Aberdeen Asia-Pacific Income Investment Company Limited announces normal course issuer bid

    TORONTO, July 15 /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 the TSX has accepted notice
of its intention to make a normal course issuer bid, through which the Company
will make open market purchases on the TSX. During the bid, which will
commence July 16, 2008 and end no later than July 15, 2009, the Company may
purchase up to 5,233,135 ordinary shares, which is approximately 10% of the
total of the Company's public float of 52,331,355 ordinary shares that the
Company had issued and outstanding as at July 9, 2008. The actual number of
shares purchased, the time of the purchases and the prices at which the shares
will be bought will depend upon future market conditions. The Company will not
purchase in any 30 day period more than 1,046,627 ordinary shares, being 2% of
the issued and outstanding ordinary shares at the time of acceptance of the
notice by the TSX. The Company will cancel shares purchased under the bid. In
the previous 12 months, the Company purchased 330,000 of its outstanding
    The Company's directors believe that from time to time the purchase of
ordinary shares of the Company may be a worthwhile investment for the Company
that should benefit continuing shareholders. The Company's directors believe
that normal course issuer bid purchases of shares for cancellation may, by
reducing the number of outstanding shares, reduce the discount that may exist
between the market price of the shares and the Company's net asset value per

    If you wish to receive this information electronically, please contact


For further information:

For further information: Aberdeen Asset Management, Investor Relations,
800-992-6341, InvestorRelations@aberdeen-asset.com

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890