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Abrdn Asia-Pacific Income Fund VCC ( (TSE:FAP) ) just unveiled an announcement.
Abrdn Asia-Pacific Income Fund VCC has announced its 2025 voluntary cash redemption details and a special shareholder meeting to consider amendments to its VCC Constitution. The redemption will be available to shareholders on March 31, 2025, allowing them to redeem shares at the average net asset value, subject to a 10% cap. Additionally, the company is proposing to eliminate this cap starting in 2026, enabling full redemption of outstanding shares if approved. The proposal also includes giving the Board discretion to wind up the company if it is no longer viable, which could significantly affect shareholders and overall operations.
More about Abrdn Asia-Pacific Income Fund VCC
Abrdn Asia-Pacific Income Fund VCC is a closed-end investment company that operates in the financial services industry. It is traded on the Toronto Stock Exchange and focuses on providing investment opportunities within the Asia-Pacific region.
YTD Price Performance: -0.18%
Average Trading Volume: 21,533
Technical Sentiment Consensus Rating: Sell
For detailed information about FAP stock, go to TipRanks’ Stock Analysis page.
