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Abrdn Asia-Pacific Income Fund VCC Declares Monthly Distribution

Story Highlights
  • Abrdn Asia-Pacific Income Fund VCC announces a CAD 1.75 cents per share distribution.
  • Distributions are treated as foreign income for Canadian tax purposes, reflecting stable payout policy.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Abrdn Asia-Pacific Income Fund VCC Declares Monthly Distribution

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

The Abrdn Asia-Pacific Income Fund VCC announced a monthly distribution of CAD 1.75 cents per share to be paid on January 31, 2025. This distribution reflects the company’s policy to maintain stable monthly payouts. As a Singapore-based entity, distributions are treated as foreign income for Canadian tax purposes, and the actual tax implications will be determined after year-end. The announcement underscores the company’s commitment to consistent income distribution, though it advises shareholders not to infer investment performance from the distribution amounts.

More about Abrdn Asia-Pacific Income Fund VCC

Abrdn Asia-Pacific Income Fund VCC is a closed-end investment company that trades on the Toronto Stock Exchange. It focuses on providing investors with a stable monthly distribution and operates with a market focus on income generation from investments in the Asia-Pacific region.

YTD Price Performance: -1.07%

Average Trading Volume: 23,125

Technical Sentiment Consensus Rating: Sell

See more insights into FAP stock on TipRanks’ Stock Analysis page.

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