PHILADELPHIA, Nov. 28, 2011 /PRNewswire/ -- Aberdeen
Emerging Markets Telecommunications and Infrastructure Fund, Inc.
announces the retirement of Mr. Walter
Eberstadt from the Board of Directors and the appointment of
Mr. Alexander Zagoreos.
Mr. Enrique R. Arzac,
Chairman, comments: "On behalf of the Fund's Board, I would
like to thank Mr. Eberstadt for his invaluable contribution to the
Fund during his six year tenure as a Director and wish him the best
of success in all his future endeavors. In addition, we are very
pleased to welcome Mr. Zagoreos who brings significant global and
emerging markets experience to the Fund and look forward to his
contributions to the Fund and its shareholders."
Mr. Zagoreos is a Senior Advisor to Lazard Asset Management
where he was a Partner and Managing Director until 2006. Mr.
Zagoreos joined Lazard Freres and Co. in 1977 and in the course of
his career there, was responsible for establishing and managing
several global and emerging markets funds.
Mr. Zagoreos received a B.A. from Columbia
College, as well as a MBA and Master of International
Affairs from Columbia University. He
served in the US Navy Reserve and was honorably discharged as a
Lieutenant.
Important Information
Closed-end funds have a one-time initial public offering and
then are subsequently traded on the secondary market through one of
the stock exchanges. The 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 a fund will achieve
its investment objective. Past performance does not guarantee
future results.
International investing entails special risk considerations,
including currency fluctuations, lower liquidity, economic and
political risks, and differences in accounting methods; these risks
are generally heightened for emerging market investments.
Since the Fund focuses on companies involved in telecommunications
and infrastructure, an investment in the Fund may involve a greater
degree of risk than an investment in other funds that seek capital
appreciation by investing in a broader mix of issuers.
Aberdeen Asset Management is the marketing name in the U.S. for
the following affiliated, registered investment advisers: Aberdeen
Asset Management Inc., Aberdeen Asset Management Investment
Services Ltd., Aberdeen Asset Management Ltd. and Aberdeen Asset
Management Asia Ltd. (collectively, the 'Aberdeen Advisers'). Each
of the Aberdeen Advisers is wholly owned by Aberdeen Asset
Management PLC. "Aberdeen" is a U.S. registered service mark of
Aberdeen Asset Management PLC.
SOURCE Aberdeen Emerging Markets Telecommunications and
Infrastructure Fund, Inc.