abrdn Asia-Pacific Income Fund Announces New Managed Distribution Policy and Adjusts Monthly Dividend
The abrdn Asia-Pacific Income Fund, Inc. (FAX) has introduced a new managed distribution policy aimed at aligning distributions with the fund's net asset value (NAV). The Board of Directors approved this framework to provide transparency while balancing current income with long-term capital preservation and growth potential. Under the new policy, FAX will pay monthly dividends based on 12% of its average NAV per share from the prior month. For September’s distribution, shareholders received $0.15 per share instead of the previous rate of $0.1650. The Board emphasized that this approach offers flexibility across market conditions and supports capitalizing on opportunities in Asia-Pacific debt markets. The fund primarily invests in Asia-Pacific debt securities with a focus on generating current income, while also allowing for incidental capital appreciation. Distributions will be supported by net investment income, realized gains, or paid-in-capital as needed.
