Aberdeen Asia-Pacific Income Fund, Inc. Approves Executive Appointments
April 29, 2021 at 08:35 pm EDT
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Aberdeen Asia-Pacific Income Fund, Inc. at its annual general meeting held on April 29, 2021 approved the appointment of Radhika Ajmera and William J. Potter to the Board of Directors. Also effective at the shareholder meeting on April 29, 2021, Peter D. Sacks retired from the Fund pursuant to the Fund's retirement policy, and Martin J. Gilbert's term expired. Effective upon the retirement of Mr. Sacks, the Board appointed Mr. Sell, an Independent Director, to serve in the role of Audit and Valuation Committee Chair.
abrdn Asia-Pacific Income Fund, Inc. (the Fund) is a closed-end, non-diversified investment management company. The Fund's principal investment objective is to seek current income. The Fund aims to provide monthly income by investing primarily in locally researched Asian and Australian debt securities. The Fund invests at least 80% of its assets, plus the amount of any borrowings for investment purposes in Asia-Pacific debt securities, which includes debt securities of Asia-Pacific Country issuers, including securities issued by Asia-Pacific Country governmental entities, as well as by banks, companies and other entities which are located in Asia-Pacific Countries, and debt securities issued by a wholly owned subsidiary of an entity located in an Asia-Pacific Country, provided that the debt securities are guaranteed by the parent entity located in the Asia-Pacific Country. The Fund's investment manager is abrdn Asia Limited.
ABRDN ASIA-PACIFIC INCOME FUND INC 
