Aberdeen Chile Fund, Inc. Announces Record Date and Payment Date for Quarterly Distribution
September 07 2011 - 1:08PM
Business Wire
Aberdeen Chile Fund, Inc. (NYSE AMEX: CH) (the “Fund”), a
closed-end equity fund, announced today that it will pay a
quarterly distribution of US 53 cents per share on November 15,
2011 to all shareholders of record as of September 21, 2011.
The Fund has a managed distribution policy of paying quarterly
distributions at an annual rate, set once a year, that is a
percentage of the average of the Fund’s prior four calendar quarter
end net asset values. The Board of Directors determined that the
rolling distribution rate shall be 10% for the 12 months commencing
with the distribution payable in October 2011. This policy will be
subject to regular review by the Fund’s Board of Directors. The
distributions will be made from current income, supplemented by
realized capital gains and, to the extent necessary, paid-in
capital.
For the 12 months to August 31, 2011, the Fund has paid total
distributions amounting to US $3.6391 per share. Please be advised
that approximately $1.37514 of this distribution amount was in the
form of common shares of the Fund. The composition of distributions
paid by the Fund since the beginning of the Fund’s fiscal year,
January 1, 2011, will be estimated through the payment date, and
announced at the time of payment of the distribution.
The Fund is managed and advised by Aberdeen Asset Management
Investment Services Limited. The Fund’s shares trade on the NYSE
AMEX under the symbol “CH”.
You should not draw any conclusions about the Fund’s investment
performance from the amount of this distribution or from the terms
of the Fund’s plan.
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.
Investors should consider a fund’s investment objectives,
risks, charges and expenses carefully before investing. A copy of
the prospectus for Aberdeen Chile Fund, Inc. that contains this and
other information about the fund may be obtained by calling
866-839-5205. Please read the prospectus carefully before
investing. Investing in funds involves risk, including possible
loss of principal.
If you wish to receive this information
electronically, please contact
InvestorRelations@aberdeen-asset.com
www.aberdeench.com
Aberdeen Asset Management Investment Services
Limited is a registered investment adviser under the Investment
Advisers Act of 1940.
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