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Aberdeen Asia-Pacific Income Fund, Inc. Announces Performance Data And Portfolio Composition
By: PR Newswire
Nov. 6, 2012 02:24 PM
PHILADELPHIA, Nov. 6, 2012 /PRNewswire/ -- Aberdeen Asia-Pacific Income Fund, Inc. (the "Fund") (NYSE MKT: FAX), a closed-end bond fund, announced today its performance data and portfolio composition as of September 30, 2012.
The Fund's total returns for various periods through September 30, 2012 are provided below. (All figures are based on distributions reinvested at the dividend reinvestment price and are stated net-of-fees):
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 September 30, 2012, the portfolio was invested as follows:
As of September 30, 2012, the top ten holdings of the portfolio based on total assets were as follows:
As of September 30, 2012 the holdings of the portfolio represented approximately 60.6% sovereign and state government securities, 4.2% supranationals, 33.6% corporates, 1.0% cash and 0.6% mortgage backed securities.
As of September 30, 2012, the Fund's net assets, including $600 million in bank borrowing, amounted to US$2,629.5 million with a net asset value per share of US$7.75.
As of September 30, 2012, 69.9% 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:
As of September 30, 2012, the average maturity of the portfolio was 7.2 years.
The Fund has in place leverage in the form of a syndicated loan facility that renews annually. The outstanding balance on the loan as of September 30, 2012 is $600,000,000 which represents no change from the previous month.
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 Asian-Pacific 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 a portion 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.
Investors should consider a fund's investment objectives, risks, charges and expenses carefully before investing. A copy of the prospectus for Aberdeen Asia-Pacific Income Fund, Inc. that contains this and other information about the fund may be obtained by calling 800-522-5465. Please read the prospectus carefully before investing. Investing in funds involves risk, including possible loss of principal.
Closed-end funds have a one-time initial public offering and then are subsequently traded on the secondary market through one of the stock exchanges. The investment return and principal value will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund's portfolio. There is no assurance that a fund will achieve its investment objective. Past performance does not guarantee future results.
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. Holdings are subject to change and are provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities shown. Inception date April 25, 1986.
If you wish to receive this information electronically, please contact: InvestorRelations@aberdeen-asset.com
SOURCE Aberdeen Asia-Pacific Income Fund, Inc.
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