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abrdn Asia-Pacific Income Fund VCC Announces 2025 Cash Redemption Pricing

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abrdn Asia-Pacific Income Fund VCC Announces 2025 Cash Redemption Pricing

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The latest update is out from Abrdn Asia-Pacific Income Fund VCC ( (TSE:FAP) ).

abrdn Asia-Pacific Income Fund VCC has announced the pricing for its 2025 voluntary cash redemption, setting the redemption price at CAD 3.26 per share. This price reflects 100% of the average net asset value per share, minus direct costs, based on the three business days preceding the redemption date. The redemption rate is set at 0.202, meaning 202 shares will be redeemed for every 1,000 submitted. The redemption proceeds will be paid by April 17, 2025, and shares remain eligible for the March 2025 distribution. This announcement may impact the company’s market positioning and shareholder value, as shares in closed-end funds can trade at a premium or discount to their net asset value.

More about Abrdn Asia-Pacific Income Fund VCC

abrdn Asia-Pacific Income Fund VCC is a closed-end investment company trading on the Toronto Stock Exchange. It is part of Aberdeen Investments, which operates under various entities in Canada, including abrdn Canada Limited, and is registered as a Portfolio Manager and Exempt Market Dealer across Canadian provinces. The company focuses on investment management and offers products that are subject to market fluctuations and investment risks.

YTD Price Performance: 5.86%

Average Trading Volume: 57,347

Technical Sentiment Signal: Sell

For a thorough assessment of FAP stock, go to TipRanks’ Stock Analysis page.

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