Aberdeen Asia-Pacific Income Investment Company Limited announces an Equity Buyback for 2,537,230 ordinary shares, representing 5% of its issued share capital.
July 20, 2020 at 12:00 am EDT
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Aberdeen Asia-Pacific Income Investment Company Limited (TSX:FAP) announces a share repurchase program. Under the bid, Aberdeen Asia will repurchase up to 2,537,230 ordinary shares, representing 5% of its issued share capital. The company will cancel the shares repurchased under the normal course issuer bid. The program will commence on July 22, 2020 and will expire on July 21, 2021. As of July 10, 2020, the company had 50,744,616 ordinary shares issued and outstanding.
abrdn Asia-Pacific Income Fund VCC is a Singapore-based closed-end investment company. The investment objective of the Company is to obtain current income and achieve incidental capital appreciation from investment in long-term debt securities. The Company seeks to obtain these objectives primarily from investment in long-term debt securities. The Company also invests up to 100% of its total assets in Asia-Pacific debt securities. The Companyâs investment portfolio is present in countries which include India, Indonesia, China, Australia, Malaysia, Pakistan, United Kingdom, Mexico, Ukraine, Thailand, United Arab Emirates, Uruguay, Egypt, Bahrain, South Africa, Nigeria, Brazil, Philippines, Mongolia, Kuwait, United States and Oman, among others. The investment manager of the Company is abrdn Asia Limited.
Aberdeen Asia-Pacific Income Investment Company Limited announces an Equity Buyback for 2,537,230 ordinary shares, representing 5% of its issued share capital.
ABRDN ASIA-PACIFIC INCOME FUND VCC 