PHILADELPHIA, April 9, 2018 /PRNewswire/ -- Aberdeen
Israel Fund, Inc. (NYSE American: ISL) (the "Fund"), a
closed-end equity fund, announced today that it will pay a
distribution of US$1.09161 per share
on April 25, 2018 to all shareholders
of record as of April 19, 2018.
This distribution is comprised entirely of net realized
long-term capital gains.
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, 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.