Aberdeen Asia-Pacific Income Fund, Inc. Announces Payment of Monthly Distribution

Fri Jul 10, 2009 11:31am EDT
 
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Aberdeen Asia-Pacific Income Fund, Inc. Announces Payment of Monthly
Distribution

PHILADELPHIA, July 10 /PRNewswire-FirstCall/ -- Aberdeen Asia-Pacific Income
Fund, Inc. (NYSE Amex: FAX) (the "Fund"), a closed-end bond fund, today
announced that it paid on July 10, 2009, a monthly distribution of US 3.5
cents per share to all shareholders of record as of June 30, 2009.  For the 12
months to June 30, 2009, the Fund has paid total distributions amounting to US
$0.47 per share.    

The policy of the Fund's Board of Directors is to provide investors with a
stable monthly distribution out of current income, supplemented by realized
capital gains and, to the extent necessary, paid-in capital.

The Fund is subject to U.S. corporate, tax and securities laws.  Under U.S.
tax accounting rules, the amount of distributable income for each fiscal
period depends on the actual exchange rates during the entire year between the
U.S. dollar and the currencies in which Fund assets are denominated and on the
aggregate gains and losses realized by the Fund during the entire year. 
Therefore the exact amount of distributable income for each fiscal year can
only be determined as of the end of the Fund's fiscal year, October 31. 
However, under the Investment Company Act of 1940, the Fund may be required to
indicate the sources of certain distributions to shareholders.

The Fund estimates that distributions for the fiscal year commencing November
1, 2008, including the distribution paid on July 10, 2009, are comprised
entirely of net investment income.  This estimated distribution composition
may vary from month to month because it may be materially impacted by future
realized gains and losses on securities and fluctuations in the value of the
currencies in which Fund assets are denominated.

In January 2010, a Form 1099-DIV will be sent to shareholders, which will
state the amount and composition of distributions and provide information with
respect to their appropriate tax treatment for the 2009 calendar year.  

The Fund is managed by Aberdeen Asset Management Asia Limited and advised by
Aberdeen Asset Management Limited. The Fund's shares trade on the NYSE AMEX
under the symbol "FAX". 

If you wish to receive this information electronically, please contact
InvestorRelations@aberdeen-asset.com

www.aberdeenfax.com

Aberdeen Asset Management Asia Limited and Aberdeen Asset Management Limited
are registered investment advisers under the Investment Advisers Act of 1940.

SOURCE  Aberdeen Asia-Pacific Income Fund, Inc.

Aberdeen Asset Management Inc., Investor Relations, +1-800-522-5465,
InvestorRelations@aberdeen-asset.com

 

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