Abrdn Asia-Pacific Income Fund Inc (FAX) to Issue Monthly Dividend of $0.03 on April 30th

Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) declared a monthly dividend on Tuesday, April 9th, Wall Street Journal reports. Stockholders of record on Tuesday, April 23rd will be paid a dividend of 0.0275 per share by the investment management company on Tuesday, April 30th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 12.84%. The ex-dividend date is Monday, April 22nd.

Abrdn Asia-Pacific Income Fund Stock Down 1.2 %

Shares of Abrdn Asia-Pacific Income Fund stock opened at $2.57 on Friday. Abrdn Asia-Pacific Income Fund has a one year low of $2.33 and a one year high of $2.84.

Hedge Funds Weigh In On Abrdn Asia-Pacific Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FAX. IHT Wealth Management LLC acquired a new position in Abrdn Asia-Pacific Income Fund in the third quarter valued at approximately $27,000. Saba Capital Management L.P. acquired a new position in Abrdn Asia-Pacific Income Fund in the first quarter valued at approximately $34,000. Burford Brothers Inc. acquired a new position in Abrdn Asia-Pacific Income Fund in the fourth quarter valued at approximately $37,000. Cubist Systematic Strategies LLC acquired a new position in Abrdn Asia-Pacific Income Fund in the third quarter valued at approximately $38,000. Finally, Clearstead Advisors LLC purchased a new stake in Abrdn Asia-Pacific Income Fund in the third quarter valued at approximately $42,000. 33.55% of the stock is owned by institutional investors and hedge funds.

Abrdn Asia-Pacific Income Fund Company Profile

Abrdn Asia-Pacific Income Fund Inc is a close ended fixed income mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It is co-managed by Aberdeen Standard Investments Australia Limited and Aberdeen Asset Managers Limited. The fund invests in fixed income markets of Asia, Australia, and New Zeland.