PHILADELPHIA, March 8, 2012 /PRNewswire/ -- 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
43 cents per share on April 13, 2012 to all shareholders of record as
of March 30, 2012.
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 November 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 February 29,
2012, the Fund has paid total distributions amounting to US
$2.87305 per share. Please be
advised that approximately $0.6548 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, 2012, 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 Managers
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.
SOURCE Aberdeen Chile Fund, Inc.