PHILADELPHIA, March 13, 2018 /PRNewswire/ -- The Asia Tigers
Fund, Inc. (NYSE: GRR) (the "Fund") announced that it has
postponed the special meeting of shareholders (the "Special
Meeting") that was scheduled to be held on Friday, March 16, 2018 to allow for the
solicitation of additional proxies. Votes received so far have been
significantly in favor of the Agreement and Plan of Reorganization
(described below).
The rescheduled Special Meeting will be held on Monday, April 2, 2018, at the offices of Aberdeen
Asset Management Inc., 1735 Market Street, 32nd Floor, Philadelphia, Pennsylvania 19103. The
Special Meeting will be held at 11:00 am
ET.
The purpose of the Special Meeting is to seek shareholder
approval of an Agreement and Plan of Reorganization between the
Fund and Aberdeen Chile Fund, Inc. ("CH" or the "Acquiring
Fund"). Subject to the requisite approval of the
shareholders of each target fund participating in the
reorganization, it is currently expected that the closing date will
be prior to the end of April 2018;
however, this is subject to change depending on the timing of each
target fund's shareholder approval.
Important Information
This press release does not constitute an offer to purchase or a
solicitation of an offer to sell shares.
The proxy materials for the Special Meeting contain important
information; please read them carefully. Copies of the Proxy
Statement/Prospectus are available for free on the Securities and
Exchange Commission's web site at www.sec.gov or by visiting
the Fund's web site at
http://www.aberdeengrr.com/en/usclosedgrr/announcements or by
calling 1-888-288-0951.
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 InvestorRelations@aberdeenstandard.com.
aberdeengrr.com
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SOURCE The Asia Tigers Fund, Inc.