Aberdeen Global Income Fund, Inc. Announces Performance Data and Portfolio Composition
March 04 2009 - 10:44AM
PR Newswire (US)
PHILADELPHIA, March 4 /PRNewswire-FirstCall/ -- Aberdeen Global
Income Fund, Inc. (the "Fund") (NYSE Alternext US: FCO), a
closed-end bond fund, announced today its performance data and
portfolio composition as of January 31, 2009. The Fund's total
returns for various periods through January 31, 2009 are provided
below. (All figures are based on distributions reinvested at the
dividend reinvestment price, and are stated net-of-fees): Period
NAV Total Return % Market Price Total Return % Cumulative
Annualized Cumulative Annualized Since Inception 181.3 6.3 147.1
5.5 (March 1992) 10-years 58.4 4.7 84.8 6.3 5-years 5.4 1.1 -0.5
-0.1 3-years -10.4 -3.6 -10.4 -3.6 1-year -20.3 -16.8 The Fund's
returns, which are denominated in U.S. dollars, are affected by the
performance of the U.S. dollar against the various currencies
listed below. As of January 31, 2009, the portfolio was invested as
follows: Currency Exposure % * Geographic Exposure % Australia 19.1
19.1 United Kingdom 0.5 8.9 Canada 12.2 16.7 New Zealand 14.6 20.9
United States ** 49.7 4.3 Europe (ex UK) 0.1 1.8 Asia 1.8 9.4
Emerging Markets 2.0 18.9 * Currency allocations include impact of
all foreign forward currency exchange contracts. ** Of which 22.0%
is invested in US$ denominated bonds issued by foreign issuers. As
of January 31, 2009, the Fund's net assets, including US$30 million
in bank borrowing, amounted to US$112.5 million with a net asset
value per share of common stock of US$9.17. As of January 31, 2009,
71.3% of the portfolio was invested in securities where either the
issue or the issuer was rated "A" or better, or judged by the
Investment Manager to be of equivalent quality. The credit quality
and maturity breakdown of the portfolio was as follows: Credit
Quality (%) AAA/Aaa AA/Aa A BBB/Baa BB/Ba B 44.7 11.7 14.9 8.9 15.5
4.3 Maturity (%) 10 Years 29.5 16.9 35.8 17.8 As of January 31,
2009, the average maturity of the portfolio was 7.2 years. A
revolving credit loan facility, in the amount of $30,000,000, was
entered into on March 7, 2008 with the Bank of Nova Scotia, in
order to fund the redemption of the Fund's Auction Market Preferred
Stock ("AMPS") that took place in March 2008. The leverage is used
with the intent of enhancing returns by borrowing at interest rates
that are lower than the relatively higher yields of the emerging
market fixed income securities in which the Fund invests. The Fund
has entered into interest rate swap agreements in order to fix the
interest payable on an aggregate notional amount of $19.4 million,
which represents 65% of the bank loan facility. Details regarding
the revolving credit loan facility and the interest rate swap
agreements are contained in the Fund's annual and semi-annual
reports to shareholders. Important Information Aberdeen Asset
Management Inc., the Fund's Administrator, has prepared this report
based on information sources believed to be accurate and reliable.
However, the figures are unaudited and neither the Fund, the
Administrator, Aberdeen Asset Management Asia Limited (the
Investment Manager), Aberdeen Asset Management 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. Total return figures
with distributions reinvested at the dividend reinvestment price
are stated net-of-fees and represents past performance. Past
performance is not indicative of future results, current
performance may be higher or lower. Inception date March 12, 1992.
If you wish to receive this information electronically, please
contact DATASOURCE: Aberdeen Global Income Fund, Inc. CONTACT:
Investor Relations, Aberdeen Asset Management Inc.,
+1-866-839-5233,
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