In the news release, Aberdeen Emerging Markets Equity Income
Fund, Inc. Announces Expiration And Preliminary Results Of Cash
Tender Offer, issued 20-Jun-2018 by
Aberdeen Emerging Markets Equity Income Fund, Inc. over PR
Newswire, we are advised by the company that the second paragraph,
second sentence, should have been removed rather than reading,
"This total includes shares tendered pursuant to notices of
guaranteed delivery." as originally issued inadvertently. The
complete, corrected release follows:
Aberdeen Emerging Markets Equity Income Fund, Inc. Announces
Expiration And Preliminary Results Of Cash Tender Offer
PHILADELPHIA, June 20, 2018 /PRNewswire/ -- Aberdeen
Emerging Markets Equity Income Fund, Inc. (the "Fund") (NYSE
American: AEF), announced today the preliminary results of its cash
tender for up to 28,470,130 shares of its common stock,
representing approximately 32% of the Fund's outstanding shares.
The offer expired at 11:59 p.m.
New York City time on Tuesday, June 19, 2018.
![Aberdeen Asset Management Inc. At Aberdeen, asset management is our business. We only manage assets for clients, allowing us to focus solely on their needs and deliver independent, objective investment advice. We know global markets from the local level upwards, drawing on more than 1,900 staff, across 32 offices in 23 countries. Investment teams are based in the markets or regions where they invest, delivering local perspective in a global investment environment. (PRNewsFoto/Aberdeen Asset Management Inc.) Aberdeen Asset Management Inc. At Aberdeen, asset management is our business. We only manage assets for clients, allowing us to focus solely on their needs and deliver independent, objective investment advice. We know global markets from the local level upwards, drawing on more than 1,900 staff, across 32 offices in 23 countries. Investment teams are based in the markets or regions where they invest, delivering local perspective in a global investment environment. (PRNewsFoto/Aberdeen Asset Management Inc.)](https://mma.prnewswire.com/media/50305/aberdeen_asset_management_inc__logo.jpg)
Based on current information, approximately 61,362,593 shares of
common stock or 68.97% of the Fund's outstanding stock were
tendered through the expiration date. This number is subject to
adjustment and should not be regarded as final. Because the number
of shares tendered exceeded 28,470,130, the number of shares that
will be purchased by the Fund will be pro-rated based on the number
of shares properly tendered by each shareholder. No more than a
total of 28,470,130 properly tendered shares will be accepted
for payment at a price per share equal to 99% of the Fund's net
asset value per share ("NAV") as of the close of regular trading on
the NYSE American on June 20, 2018.
The final number of shares validly tendered and accepted pursuant
to the tender offer will be announced at a later date.
Aberdeen Emerging Markets Equity Income Fund, Inc. is a
closed-end equity fund. The Fund seeks to provide both current
income and long-term capital appreciation by investing, under
normal market conditions, at least 80% of its net assets, plus any
borrowings for investment purposes, in emerging market equity
securities. Its shares are listed on NYSE American under the symbol
''AEF.''
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.
The Fund's daily NYSE American closing price and NAV, as well as
other information, including updated portfolio statistics and
performance are available at www.aberdeenaef.com or by calling the
Fund's Investor Services at 800-522-5465.
Statements made in this release that look forward in time
involve risks and uncertainties and are forward looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Such risks and uncertainties include, without limitation,
the adverse effect from a decline in the securities markets or a
decline in the Fund's performance, a general downturn in the
economy, competition from other companies, changes in government
policy or regulation, inability to attract or retain key employees,
inability to implement its operating strategy and/or acquisition
strategy, and unforeseen costs and other effects related to legal
proceedings or investigations of governmental and self-regulatory
organizations.
Aberdeen Asset Management Inc. has prepared this report based on
information sources believed to be accurate and reliable.
However, neither the Fund, Aberdeen Asset Managers Limited (the
Investment Adviser), nor any other person guarantees their
accuracy. Investors should seek their own professional advice
and should consider the investment objectives, risks, charges and
expenses before acting on this information. Aberdeen is a U.S.
registered service mark of Aberdeen Asset Management PLC.
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@aberdeenstandard.com
aberdeenaef.com
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SOURCE Aberdeen Emerging Markets Equity Income Fund, Inc.