The Latin America Equity Fund, Inc. Announces Payment of Dividend
October 09 2009 - 11:28AM
PR Newswire (US)
PHILADELPHIA, Oct. 9 /PRNewswire-FirstCall/ -- The Board of
Directors of The Latin America Equity Fund, Inc. (NYSE AMEX: LAQ)
(the "Fund") is pleased to report the Fund's distribution of
US$0.0156 per share of common stock declared on September 9, 2009,
payable on October 9, 2009, to shareholders of record at the close
of business on September 30, 2009. Under U.S. tax rules applicable
to the Fund, the amount and character of distributable income for
each fiscal year can be finally determined only as of the end of
the Fund's fiscal year. However, under Section 19 of the Investment
Company Act of 1940, as amended (the "1940 Act") and related Rules,
the Fund may be required to indicate to shareholders the source of
certain distributions to shareholders. The following table sets
forth the estimated amounts of the sources of the distribution for
purposes of Section 19 of the 1940 Act and the Rules adopted
thereunder. The table includes estimated amounts and percentages
for this distribution and for the cumulative distributions paid
year to date from the following sources: net investment income; net
realized short-term capital gains; net realized long-term capital
gains; and return of capital. Estimated Estimated Estimated
Estimated Amounts of Amounts of Amounts of Amounts of Year to Date
Year to Date Current Current Cumulative Cumulative Distribution
Distribution Distributions Distributions per share ($) per share
(%) per share ($) per share (%) ------------ ------------
------------ ------------ Net Investment Income $0.0156 100%
$0.0156 100% Net Realized Short-Term Capital Gains $0.0000 0%
$0.0000 0% Net Realized Long-Term Capital Gains $0.0000 0% $0.0000
0% Return of Capital $0.0000 0% $0.0000 0% Total (per common share)
$0.0156 100% $0.0156 100% The amounts and sources of distributions
reported are only estimates and are not being provided for tax
reporting purposes. The final determination of the source of all
distributions in 2009 will be made after year-end. 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 Fund will send you a Form 1099-DIV for the
calendar year that 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. DATASOURCE: The Latin America Equity Fund, Inc. CONTACT:
Aberdeen Asset Management Inc. Investor Relations, +1-866-839-5205,
Web Site: http://www.aberdeen-asset.com/
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