PHILADELPHIA, Dec. 10, 2019 /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 $0.045 per share on January 10, 2020 to all shareholders of record as
of December 31, 2019 (ex-dividend
date December 30, 2019). With this
distribution, the annualized distribution rate of the Fund for the
2019 calendar year will be 2.0%, as previously announced in
December 2018.
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.
Consistent with the Fund's distribution policy to pay
distributions quarterly, comprised of net investment income
generated by dividends paid from the Fund's underlying securities,
today the Board determined the Fund will increase the annualized
distribution rate for the 2020 calendar year to 2.5%, payable
quarterly, commencing with the March
2020 distribution. The determination is based on the
Fund's estimated dividend income over the period, net of taxes and
expenses. This increased rate will be maintained for at least the
next 12 months ending December 31,
2020 . This policy will be subject to ongoing review by the
Board.
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.
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 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.