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FAX - Aberdeen Asia-Pacific Income Fund: The Inevitable Cut Could Not Be Delayed
Aberdeen Asia-Pacific Income Fund Inc
This article was first released to CEF/ETF Income Laboratory subscribers 2 weeks ago,so data may be out of date. Please check latest data before making investment decisions.
As mentioned in our latest CEF Weekly Roundup, Aberdeen Asia-Pacific Income Fund (FAX) cut its distribution by a huge -21.4% this week, from $0.035 to $0.0275 per month.
PHILADELPHIA, April 9, 2019 /PRNewswire/ -- Aberdeen Asia-Pacific Income Fund, Inc. ((NYSE American: FAX)) (the "Fund"), a closed-end fund, today announced that it has reduced its monthly distribution from