PHILADELPHIA, June 4, 2018 /PRNewswire/ -- Aberdeen
Emerging Markets Equity Income Fund, Inc. (NYSE American:
AEF) (the "Fund"), a closed-end equity fund, announced today
that it will pay a distribution of US$0.882 per share on June
28, 2018 to all shareholders of record as of June 15, 2018.
This special distribution is 9.1% of the Fund's net assets (as
of April 27, 2018) which, in
combination with the previously announced tender offer, will
represent an aggregate distribution of approximately 41.1% of the
consolidated Fund assets as of the reorganization closing date of
April 27, 2018. Record date
shareholders who tender their shares in the tender offer, as well
as shareholders who do not tender, will be entitled to receive the
distribution.
This special distribution follows the consolidation of
Aberdeen Emerging Markets Smaller Company Opportunities Fund, Inc.
("ABE"), Aberdeen Israel Fund, Inc. ("ISL"), Aberdeen Indonesia
Fund, Inc. ("IF"), Aberdeen Latin America Equity Fund, Inc.
("LAQ"), Aberdeen Singapore Fund, Inc. ("SGF"), Aberdeen Greater
China Fund, Inc. ("GCH") and The Asia Tigers Fund, Inc. ("GRR")
into Aberdeen Chile Fund, Inc. ("CH"), which closed on April 27, 2018. Effective April 30, 2018, the consolidated fund was renamed
and trades on the NYSE American Exchange under the ticker symbol
"AEF."
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.
You should not draw any conclusions about the Fund's investment
performance from the amount of this distribution.
Important Information
This press release may contain statements regarding plans and
expectations for the future that constitute forward-looking
statements within the Private Securities Litigation Reform Act of
1995. All statements other than statements of historical fact are
forward-looking and can be identified by the use of words such as
"may," "will," "expect," "anticipate," "estimate," "believe,"
"continue" or other similar words. Such forward-looking statements
are based on the Fund's current plans and expectations, and are
subject to risks and uncertainties that could cause actual results
to differ materially from those described in the forward-looking
statements. Additional information concerning such risks and
uncertainties are contained in the Fund's filings with the U.S.
Securities and Exchange Commission ("SEC").
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.
International investing entails special risk considerations,
including currency fluctuations, lower liquidity, economic and
political risks, and difference in accounting methods.
Aberdeen Standard Investments is a brand of the investment
businesses of Aberdeen Asset Management and Standard Life
Investments. In the United States,
Aberdeen Standard Investments is the marketing name for the
following affiliated, registered investment advisers: Aberdeen
Asset Management Inc., Aberdeen Asset Managers Ltd., Aberdeen Asset
Management Ltd., Aberdeen Asset Management Asia Ltd., Aberdeen
Asset Capital Management, LLC, Standard Life Investments (Corporate
Funds) Ltd., and Standard Life Investments (USA) Ltd.
If you wish to receive this information
electronically, please contact
InvestorRelations@aberdeen-asset.com
aberdeenaef.com
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SOURCE Aberdeen Emerging Markets Equity Income Fund, Inc.