Aberdeen Global Income Fund, Inc. Announces Performance Data and Portfolio Composition
May 01 2009 - 12:15PM
PR Newswire (US)
PHILADELPHIA, May 1 /PRNewswire-FirstCall/ -- Aberdeen Global
Income Fund, Inc. (the "Fund") (NYSE AMEX: FCO), a closed-end bond
fund, announced today its performance data and portfolio
composition as of March 31, 2009. The Fund's total returns for
various periods through March 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 192.6 6.5 145.5 5.4 (March
1992) 10-years 67.7 5.3 89.6 6.6 5-years 7.3 1.4 -5.0 -1.0 3-years
-2.6 -0.9 -7.8 -2.7 1-year -17.4 -17.0 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
March 31, 2009, the portfolio was invested as follows: Currency
Exposure % * Geographic Exposure % Australia 22.4 22.4 United
Kingdom 0.7 10.4 Canada 11.6 16.2 New Zealand 12.5 19.3 United
States ** 48.8 2.3 Europe (ex UK) 1.3 2.9 Asia 1.1 10.5 Emerging
Markets 1.6 16.0 * Currency allocations include impact of all
foreign forward currency exchange contracts. ** Of which 21.1% is
invested in US$ denominated bonds issued by foreign issuers. As of
March 31, 2009, the Fund's net assets, including US$30 million in
bank borrowing, amounted to US$114.4 million with a net asset value
per share of common stock of US$9.38. As of March 31, 2009, 71.0%
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 41.7
14.6 14.7 9.8 16.2 2.8 0.2 As of March 31, 2009, the average credit
quality of the portfolio was A+. Maturity (%) 10 Years 27.3 19.9
34.0 18.8 As of March 31, 2009, the average maturity of the
portfolio was 7.3 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.
Aberdeen is a U.S. registered service mark of Aberdeen Asset
Management PLC. 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,
+1-866-839-5233, Aberdeen Asset Management Inc.,
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