Aberdeen Global Income Fund, Inc. Announces Payment of Special and Regular Monthly Distributions
January 16 2009 - 3:39PM
PR Newswire (US)
PHILADELPHIA, Jan. 16 /PRNewswire-FirstCall/ -- Aberdeen Global
Income Fund, Inc. (NYSE Alternext US: FCO) (the "Fund"), a
closed-end bond fund, today announced that it paid on January 16,
2009, a regular monthly distribution of US 7.0 cents per share and
a special distribution of US 75.0 cents per share to all
shareholders of record as of December 31, 2008. For the 12 months
to December 31, 2008, the Fund has paid total distributions
amounting to US $1.025 per share. The policy of the Fund's Board of
Directors is to provide investors with a stable monthly
distribution out of current income, supplemented by realized
capital gains and, to the extent necessary, paid-in capital. The
Fund is subject to U.S. corporate, tax and securities laws. Under
U.S. tax accounting rules, the amount of distributable income for
each fiscal period depends on the actual exchange rates during the
entire year between the U.S. dollar and the currencies in which
Fund assets are denominated and on the aggregate gains and losses
realized by the Fund during the entire year. Therefore the exact
amount of distributable income for each fiscal year can only be
determined as of the end of the Fund's fiscal year, October 31.
However, under the Investment Company Act of 1940, the Fund may be
required to indicate the sources of certain distributions to
shareholders. The Fund estimates that the distributions for the
fiscal year commencing November 1, 2008, including the distribution
paid on January 16, 2009, are comprised of 97% net investment
income and 3% return of paid-in-capital. This estimated
distribution composition may vary from month to month because it
may be materially impacted by future realized gains and losses on
securities and fluctuations in the value of the currencies in which
Fund assets are denominated. In January 2009, 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 2008 calendar year. The
Fund is managed by Aberdeen Asset Management Asia Limited and
advised by Aberdeen Asset Management Limited. The Fund's shares
trade on the NYSE Alternext US under the symbol "FCO". If you wish
to receive this information electronically, please contact
http://www.aberdeeninvestments.com/ Aberdeen Asset Management Asia
Limited and Aberdeen Asset Management Limited are registered
investment advisers under the Investment Advisers Act of 1940.
DATASOURCE: Aberdeen Global Income Fund, Inc. CONTACT: Aberdeen
Asset Management Inc., Investor Relations, +1-866-839-5233, Web
Site: http://www.aberdeeninvestments.com/
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