PHILADELPHIA, June 21, 2019 /PRNewswire/ -- Aberdeen
Emerging Markets Equity Income Fund, Inc. (the
"Fund") (NYSE American: AEF) announced today
the final results of its cash tender for up to 15% of the Fund's
outstanding shares, or 8,956,196 shares. The offer expired at
11:59 p.m. New York City time on June 17, 2019.
![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 provided by Computershare Trust
Company N.A., the depositary of the tender offer, approximately
38,841,183 shares of common stock or 65.1% of the Fund's
outstanding stock were properly tendered, and the Fund has
accepted, subject to adjustment for fractional shares,
8,956,196 shares for cash payment at a price equal to
$7.86, which represents 98% of the
Fund's net asset value per share ("NAV") as of the close of regular
business on the NYSE American on June 18,
2019. Since the total number of shares tendered exceeded the
number of shares the Fund offered to purchase, all tenders of
shares were subject to proration (at a ratio of approximately
0.2306) in accordance with terms of the tender offer. Following the
purchase of the properly tendered shares, the Fund will have
50,751,778 outstanding shares.
Important Information
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.
Aberdeen Standard Investments 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 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.
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.