PHILADELPHIA, July 29, 2014 /PRNewswire/ -- Aberdeen
Emerging Markets Smaller Company Opportunities Fund, Inc. (NYSE
MKT: ETF), a closed-end equity fund, today announced that it paid a
distribution of $0.007 per share on
July 29, 2014 to all shareholders of
record at the close of business on July
21, 2014. This distribution is comprised of
$0.0007 per share of net investment
income and $0.0063 per share of
long-term capital gains.
Under U.S. tax rules applicable to the Aberdeen Emerging Markets
Smaller Company Opportunities Fund, Inc. (the "Fund"), the amount
and character of distributable income for each fiscal year can be
finally determined only as of the end of the Fund's fiscal year.
However, under Section 19 of the Investment Company Act of 1940, as
amended (the "1940 Act") and related Rules, the Fund may be
required to indicate to shareholders the source of certain
distributions to shareholders.
The following table sets forth the estimated amounts of the
sources of the distribution for purposes of Section 19 of the 1940
Act and the Rules adopted thereunder. The table has been computed
based on generally accepted accounting principles. The
table includes estimated amounts and percentages for this
distribution and for the cumulative distributions paid relating to
fiscal year to date (11/01/2013 –
06/30/2014) from the following sources: net investment income; net
realized short-term capital gains; net realized long-term capital
gains; and return of capital.
|
Estimated Amounts of
Current Distribution
per share
($)
|
Estimated Amounts of
Current Distribution
per share
(%)
|
Estimated Amounts of
Fiscal Year to Date Cumulative Distributions
per share
($)
|
Estimated Amounts of
Fiscal Year to Date Cumulative Distributions
per share
(%)
|
Net Investment
Income
|
$0.00070
|
10%
|
$0.17392
|
3%
|
Net Realized
Short-Term Capital Gains
|
-
|
-
|
$0.17209
|
3%
|
Net Realized
Long-Term Capital Gains
|
$0.00630
|
90%
|
$5.68715
|
94%
|
Return of
Capital
|
-
|
-
|
-
|
-
|
Total
|
$0.00700
|
100%
|
$6.03316
|
100%
|
As of June 30, 2014, after giving
effect to this payment, the Fund has a net deficit of $9,722,000. A net deficit results when the
Fund has net unrealized losses that are in excess of any net
realized gains that have not yet been distributed.
The amounts and sources of distributions reported in this
notice are only estimates and are not being provided for tax
reporting purposes. The actual amounts and sources of the amounts
for tax reporting purposes will depend upon the Fund's investment
experience during the remainder of the fiscal year and may be
subject to change based on tax regulations. The final determination
of the source of all distributions for 2014 will be presented in a
Form 1099-DIV for the calendar year, which will be sent to you and
will tell you how to report these distributions for federal income
tax purposes.
Circular 230 disclosure: To ensure compliance with
requirements imposed by the U.S. Treasury, we inform you that any
U.S. tax advice contained in this communication (including any
attachments) is not intended or written to be used, and cannot be
used, for the purpose of (i) avoiding penalties under the Internal
Revenue Code or (ii) promoting, marketing or recommending to
another party any transaction or matter addressed herein.
Closed-end funds are 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. Investing in Funds involves risk,
including loss of principle.
If you wish to receive this information electronically, please
contact: InvestorRelations@aberdeen-asset.com
aberdeenetf.com
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SOURCE Aberdeen Emerging Markets Smaller Company Opportunities
Fund, Inc.