PHILADELPHIA, June 11, 2019 /PRNewswire/ -- Aberdeen
Emerging Markets Equity Income Fund, Inc. (the
"Fund") (NYSE American: AEF) (the "Fund"), a
closed-end equity fund, announced today that it will pay a
distribution of US $0.04 per share on
June 28, 2019 to all shareholders of
record as of June 21, 2019
(ex-dividend date June 20, 2019).
Effective December 14, 2018, the
Fund announced that, recognizing the higher yielding
characteristics of the portfolio of the Fund, the Board has
approved a policy to pay distributions quarterly, comprised of net
investment income generated by dividends paid from the Fund's
underlying securities. Based on estimated dividend income over the
period, net of taxes and expenses, the Fund will pay a quarterly
distribution at an annualized rate of 2.0% for the 12-months ending
December 31, 2019. This policy will
be subject to ongoing review by the Board.
In January 2020, 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 2019 calendar
year.
The Fund is managed and advised by Aberdeen Asset Managers
Limited. The Fund's shares trade on the NYSE American under the
symbol "AEF".
You should not draw any conclusions about the Fund's investment
performance from the amount of this distribution.
Aberdeen Standard Investments is a brand of the investment
businesses of Standard Life Aberdeen plc, its affiliates and
subsidiaries. In the United
States, Aberdeen Standard Investments is the marketing name
for the following affiliated, registered investment advisers:
Aberdeen Standard Investments Inc., Aberdeen Asset Managers Ltd.,
Aberdeen Standard Investments Australia Ltd., Aberdeen Standard
Investments (Asia) Ltd., Aberdeen
Capital Management, LLC, Aberdeen Standard Investments ETFs
Advisors LLC and Standard Life Investments (Corporate Funds)
Ltd.
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.
If you wish to receive this information
electronically, please contact
Investor.Relations@aberdeenstandard.com
aberdeenaef.com
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SOURCE Aberdeen Emerging Markets Equity Income Fund, Inc.