PHILADELPHIA, April 12, 2018 /PRNewswire/ -- Aberdeen
Israel Fund, Inc. (NYSE American: ISL) (the "Fund"), a
closed-end equity fund, announced today an increase to the amount
of the distribution previously announced. On April 9, 2018, the Fund announced that it would
pay a distribution of US$1.09161 per
share on April 25, 2018 to all
shareholders of record as of April
19, 2018.
Instead, the amount of the distribution per share payable on
April 25, 2018 to all shareholders of
record as of April 19, 2018 will be
US$1.11131. This distribution is
comprised entirely of net realized long-term capital gains.
The record date and the payment date of such distribution are
unchanged.
This distribution is being made in respect to the
upcoming reorganization which was approved by shareholders on
April 2, 2018. As was
previously noted in the Fund's Joint Proxy/Prospectus dated
February 1, 2018, prior to the
reorganization closing date, the Fund will declare a distribution
that will have the effect of distributing all of the Fund's
investment company taxable income, if any, through the Closing
Date, all of its net capital gains, if any, through the Closing
Date, and all of its net tax-exempt interest income, if any,
through the Closing Date. The distribution will be paid in all cash
with no reinvestment option.
In January 2019, a
Form 1099-DIV will be sent to shareholders, which will state the
amount and composition of distributions and provide information
with respect to their appropriate tax treatment for the 2018
calendar year.
The Fund is managed and advised by Aberdeen Asset Managers
Limited. The Fund's shares trade on the NYSE American under the
symbol "ISL".
You should not draw any conclusions about the Fund's investment
performance from the amount of this distribution.
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.
If you wish to receive this information
electronically,
please contact InvestorRelations@aberdeen-asset.com
aberdeenisl.com
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SOURCE Aberdeen Israel Fund, Inc.