EuropeAnalysis: Hot or cold war? Investors try to second guess Russia s military manoeuvres
Tom ArnoldNatalia ZinetsKarin Strohecker
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Landing crafts of the Russian Navy s Caspian Flotilla sail past a cruise ship on the Don River during the inter-fleet move from the Caspian Sea to the Black Sea, in Rostov-on-Don, Russia April 13, 2021. REUTERS/Sergey Pivovarov
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Fund managers are trimming exposure to Russia and Ukraine on fears that years of tensions could finally erupt into outright war, bringing economic ruin for Ukraine and more sanctions on Russia.
But with largest build up of Russian troops on the Ukrainian border since Moscow s annexation of Crimea in 2014, and uncompromising rhetoric from the Kremlin, some investors feel market positioning is still not cautious enough. read more
(TSX: FAP) (the Company ), a closed-end investment company trading on the Toronto Stock Exchange, announced today that it will pay a monthly distribution of CAD 2.25 cents per ordinary share on May 28, 2021 to all ordinary shareholders of record as of May 21, 2021 (ex-dividend date May 20, 2021).
The policy of the Company s Board of Directors is to maintain a stable monthly distribution out of net investment income and realized capital gains supplemented with paid-in capital as required. This policy is subject to regular review at the Board s quarterly meetings.
The following table sets forth the estimated amounts and the sources of the distributions. The figures in the table below have been computed based on international financial reporting standards. The table includes estimated amounts and percentages for the distribution to be paid on May 28, 2021 as well as the estimated cumulative distributions declared fiscal year to date (11/01/2020 - 04/30/2021), from the following s
Company ), a closed-end investment company trading on the Toronto Stock Exchange, announced today the results of its Special and Annual General Meeting of Shareholders (the
Meeting ), held on April 29, 2021 (adjourned and reconvened from April 22, 2021.)
In addition to the election of directors and the appointment of auditors, at the Meeting, Shareholders were asked to consider the re-domiciliation of the Company from the laws of the Cook Islands to the Laws of the Republic of Singapore as a Variable Capital Company (the
Re-domiciliation ), along with certain other changes to facilitate and implement the Re-domiciliation.
The Company is pleased to announce that shareholders have approved all resolutions. Upon the effective date of the Re-domiciliation, the Company will be re-named Aberdeen Asia-Pacific Income Fund VCC . The Re-domiciliation is expected to be completed prior to November 1, 2021.
Important Information
In the United States, Aberdeen Standard Investments is the marketing name for the following affiliated, registered investment advisers: Aberdeen Standard Investments Inc., Aberdeen Asset Managers Ltd., Aberdeen Standard Investments Australia Ltd., Aberdeen Standard Investments (Asia) Ltd., Aberdeen Capital Management, LLC, Aberdeen Standard Investments ETFs Advisors LLC and Aberdeen Standard Alternative Funds Limited.
Closed-end funds are traded on the secondary market through one of the stock exchanges. The Fund s 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 the Fund will achieve its investment objective. Past performance does not guarantee future results.