PHILADELPHIA, March 10, 2020 /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 $0.054 per share on March
31, 2020 to all shareholders of record as of March 20, 2020 (ex-dividend date March 19, 2020).
As announced on December 10, 2019,
consistent with the Fund's policy to pay distributions quarterly,
comprised of net investment income generated by dividends paid from
the Fund's underlying securities, the Board has 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.
In January 2021, 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 2020 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.
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.