The Latin America Equity Fund, Inc. Announces Payment of Dividend
January 15 2010 - 3:04PM
PR Newswire (US)
PHILADELPHIA, Jan. 15 /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$0.9889 per share of common stock declared on December 15, 2009,
payable on January 15, 2010, to shareholders of record at the close
of business on December 22, 2009. Under U.S. tax rules applicable
to the Fund, the amount and character of distributable income for
each fiscal year can be finally determined only as of the end of
the Fund's fiscal year. However, under Section 19 of the Investment
Company Act of 1940, as amended (the "1940 Act") and related Rules,
the Fund may be required to indicate to shareholders the source of
certain distributions to shareholders. The following table sets
forth the estimated amounts of the sources of the distribution for
purposes of Section 19 of the 1940 Act and the Rules adopted
thereunder. The table includes estimated amounts and percentages
for this distribution and for the cumulative distributions paid
year to date from the following sources: net investment income; net
realized short-term capital gains; net realized long-term capital
gains; and return of capital. Estimated Estimated Amounts of
Amounts of Estimated Estimated Year to Year to Amounts of Amounts
of Date Date Current Current Cumulative Cumulative Distribution
Distribution Distributions Distributions per share per share per
share per share ($) (%) ($) (%) ------------ ------------
------------- ------------- Net Investment Income $0.5806 59%
$0.5962 59% -------------- ------- --- ------- --- Net Realized
Short-Term Capital Gains $0.4083 41% $0.4083 41% --------------
------- --- ------- --- 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) $0.9889 100% $1.0045 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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