Abrdn Asia-Pacific Income Fund VCC (TSE:FAP) has released an update.
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Abrdn Asia-Pacific Income Fund VCC has announced the results of its 2024 voluntary cash redemption, with shareholders submitting requests for redemption of nearly 44.7% of outstanding shares, far exceeding the 10% limit set by the company. Consequently, redemptions will be prorated and investors will be paid on or before April 19, 2024, based on the Net Asset Value preceding March 28, 2024. Shareholders whose shares are redeemed will still receive the March 2024 distribution.
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