Aberdeen Global Income Fund, Inc. Announces Performance Data and Portfolio Composition
March 31 2009 - 1:34PM
PR Newswire (US)
PHILADELPHIA, March 31 /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 February 28, 2009. The Fund's total
returns for various periods through February 28, 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 175.2 6.1 124.4
4.9 (March 1992) 10-years 60.9 4.9 70.5 5.5 5-years 0.8 0.2 -11.7
-2.5 3-years -11.9 -4.1 -18.6 -6.6 1-year -23.5 -25.5 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 February 28, 2009, the portfolio was invested
as follows: Currency Exposure % * Geographic Exposure % Australia
19.3 19.3 United Kingdom 0.6 9.1 Canada 12.1 16.6 New Zealand 14.6
20.9 United States ** 49.7 4.0 Europe (ex UK) 0.1 1.6 Asia 1.9 10.0
Emerging Markets 1.7 18.5 * Currency allocations include impact of
all foreign forward currency exchange contracts. ** Of which 21.6%
is invested in US$ denominated bonds issued by foreign issuers. As
of February 28, 2009, the Fund's net assets, including US$30
million in bank borrowing, amounted to US$109.9 million with a net
asset value per share of common stock of US$8.89. As of February
28, 2009, 70.4% 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 CCC D 42.8 12.8
14.8 9.4 16.8 3.1 0.2 0.1 As of February 28, 2009, the average
credit quality of the portfolio was A+. Maturity (%) 10 Years 31.4
16.8 35.3 16.5 As of February 28, 2009, the average maturity of the
portfolio was 6.8 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 for Aberdeen Asset Management Inc.,
+1-866-839-5233,
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