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TORONTO, ON/ACCESSWIRE/March 11, 2022/ abrdn Asia-Pacific Income Investment Fund VCC (TSX: FAP) (UEN: T21VC0235H) (the “Company”), today announced the results of the 2021 Voluntary Cash Redemption.
Requests for redemption of approximately 18,203,795 common shares of the Fund (the “Shares”), representing approximately 35.9% of the Shares currently issued and outstanding, have been submitted by shareholders. As previously announced, the Company’s VCC Constitution limits the annual redemption to 10% of the issued and outstanding Shares on the last day to submit the Shares for redemption, being March 9, 2022. Payment of redemption proceeds will be made no later than late April 22, 2022 at a redemption price equal to 100% of the average net asset value (NAV) of the three trading days preceding the redemption date of March 31, 2022, less direct costs. Shares that have been subject to redemption will remain eligible for the March 2022 distribution.
Past performance is not indicative of future results. Investment returns and principal will fluctuate and shares, when sold, may be worth more or less than their original cost. Actual performance may be lower or higher than quoted performance data. The data returned by net asset value includes investment management fees, custodial fees, bank loan fees and administrative expenses (such as administration fees and legal fees) and assumes reinvestment of all distributions. The Company is subject to investment risk, including possible loss of principal. The total return based on the net asset value reflects the changes in the net asset value of the Company during each period. Total return based on market price reflects changes in market value.
abrdn is the registered trade name in Canada for the following entities: abrdn Canada Limited, Aberdeen Standard Investments Luxembourg, abrdn Private Equity (Europe) Limited, abrdn Capital Partners LLP, abrdn Investment Management Limited, Aberdeen Standard Alternative Funds Limited and Aberdeen Capital Management LLC . abrdn Canada Limited is registered as a portfolio manager and exempt market dealer in all provinces and territories of Canada and as an investment fund manager in the provinces of Ontario, Quebec and of Newfoundland and Labrador.
Closed-end funds are traded on the secondary market through one of the exchanges. The return on investments and the value of the principal of the Company 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 Company. There can be no assurance that the Company will achieve its investment objective. Past performance does not guarantee future results.
Information contained in this press release that is not current or historical factual information may constitute forward-looking information within the meaning of securities laws. This information implicitly contains, in particular with respect to the future financial performance and condition of the Company, factors and assumptions which, although considered reasonable by the Company, Aberdeen Standard Investments (Canada) Limited, Aberdeen Standard Investments Inc. and/or Aberdeen Standard Investments (Asia) Limited, as the case may be, at the time of preparation, may prove to be incorrect. Shareholders are cautioned that actual results are subject to a number of risks and uncertainties, including the completion of the proposed redomiciliation and the anticipated benefits of the redomiciliation, general economic and market factors, including credit , currency, policies and interests. interest rate risks and could differ significantly from what is currently expected. The Company does not specifically intend to update any forward-looking information, whether as a result of new information, future events or otherwise.
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THE SOURCE: abrdn Asia-Pacific Income Fund VCC
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