Aberdeen Global Income Fund, Inc. Announces Performance Data and Portfolio Composition
July 31 2009 - 3:18PM
PR Newswire (US)
PHILADELPHIA, July 31 /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 June 30, 2009. The Fund's total returns for
various periods through June 30, 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 234.5 7.2 210.7 6.8 (March 1992) ----- --- ----- ---
10-years 92.6 6.8 130.6 8.7 ---- --- ----- --- 5-years 29.8 5.4
36.0 6.3 ---- --- ---- --- 3-years 8.4 2.7 13.9 4.4 --- --- ----
--- 1-year -6.6 5.1 ---- --- 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 June
30, 2009, the portfolio was invested as follows: Currency Exposure
%* Geographic Exposure % --------------------- --------------------
Australia 23.4 23.3 ---- ---- United Kingdom 0.6 10.9 --- ----
Canada 11.0 14.3 ---- ---- New Zealand 12.8 19.8 ---- ---- United
States ** 47.5 0.2 ---- --- Europe (ex UK) 1.1 2.5 --- --- Asia 1.4
11.2 --- ---- Emerging Markets 2.2 17.8 --- ---- * Currency
allocations include impact of all foreign forward currency exchange
contracts. ** Of which 23.8% is invested in US$ denominated bonds
issued by foreign issuers. As of June 30, 2009, the Fund's net
assets, including US$30 million in bank borrowing, amounted to
US$124.6 million with a net asset value per share of common stock
of US$10.51. As of June 30, 2009, 67.7% 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 ------- ----- -- ------- ------
-- --- 38.2 16.9 12.6 10.5 17.4 4.2 0.2 ---- ---- ---- ---- ----
--- --- As of June 30, 2009, the average credit quality of the
portfolio was A+. Maturity (%) ----------- 10 Years --------
--------- ---------- --------- 27.0 20.7 27.8 24.5 ---- ---- ----
---- As of June 30, 2009, the average maturity of the portfolio was
10.0 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 $21 million, which represents 70% 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: Aberdeen Asset Management Inc., Investor Relations,
+1-866-839-5233,
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