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Abrdn Asia-Pacific Income Fund VCC Announces 2025 Cash Redemption Results

Story Highlights
  • Abrdn Asia-Pacific Income Fund VCC is a closed-end investment company focusing on Asia-Pacific investments.
  • The fund announced a proration of its 2025 cash redemption due to high shareholder demand.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Abrdn Asia-Pacific Income Fund VCC Announces 2025 Cash Redemption Results

Abrdn Asia-Pacific Income Fund VCC ( (TSE:FAP) ) has issued an update.

Abrdn Asia-Pacific Income Fund VCC announced the results of its 2025 voluntary cash redemption, with requests submitted for approximately 49.5% of its outstanding shares. However, due to constitutional limits, only 10% of shares can be redeemed annually, leading to a proration of redemptions. This decision impacts shareholders by limiting the liquidity of their investments and maintaining the fund’s stability, with payments to be made by April 17, 2025.

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, focusing on investment opportunities in the Asia-Pacific region. It operates under the registered marketing name ‘abrdn’ in Canada, which encompasses several entities including abrdn Canada Limited and others, offering portfolio management and investment fund management services.

YTD Price Performance: 3.61%

Average Trading Volume: 59,746

Technical Sentiment Consensus Rating: Sell

For detailed information about FAP stock, go to TipRanks’ Stock Analysis page.

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Questions or Comments about the article? Write to editor@tipranks.com
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