abrdn Asia-Pacific Income Fund, Inc. to Issue Monthly Dividend of $0.17 (NYSEAMERICAN:FAX)

Key Points

• The abrdn Asia-Pacific Income Fund, Inc. has declared a monthly dividend of $0.17 per share, which represents an annualized yield of 12.6%.
• The ex-dividend date for the dividend is October 24, with payments scheduled for October 31.
• Institutional investors currently own 33.55% of the fund's stock, with notable increases in holdings from several firms during the first quarter.

abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX - Get Free Report) declared a monthly dividend on Thursday, October 9th. Investors of record on Friday, October 24th will be given a dividend of 0.165 per share by the investment management company on Friday, October 31st. This represents a c) dividend on an annualized basis and a yield of 12.6%. The ex-dividend date of this dividend is Friday, October 24th.

abrdn Asia-Pacific Income Fund Trading Down 0.3%

NYSEAMERICAN:FAX opened at $15.76 on Friday. abrdn Asia-Pacific Income Fund has a 1 year low of $13.99 and a 1 year high of $17.08. The firm's fifty day simple moving average is $16.34 and its 200 day simple moving average is $15.87.

Institutional Trading of abrdn Asia-Pacific Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. PFG Investments LLC lifted its holdings in shares of abrdn Asia-Pacific Income Fund by 19.6% during the 1st quarter. PFG Investments LLC now owns 65,562 shares of the investment management company's stock worth $1,029,000 after acquiring an additional 10,747 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in shares of abrdn Asia-Pacific Income Fund by 34.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 17,181 shares of the investment management company's stock worth $270,000 after acquiring an additional 4,432 shares during the period. Golden State Wealth Management LLC lifted its holdings in shares of abrdn Asia-Pacific Income Fund by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 5,000 shares of the investment management company's stock worth $78,000 after acquiring an additional 2,500 shares during the period. Clear Creek Financial Management LLC bought a new position in shares of abrdn Asia-Pacific Income Fund during the 1st quarter worth about $197,000. Finally, Penserra Capital Management LLC lifted its holdings in shares of abrdn Asia-Pacific Income Fund by 1.4% during the 1st quarter. Penserra Capital Management LLC now owns 1,056,015 shares of the investment management company's stock worth $16,579,000 after acquiring an additional 14,816 shares during the period. 33.55% of the stock is currently owned by institutional investors and hedge funds.

About abrdn Asia-Pacific Income Fund

Abrdn Asia-Pacific Income Fund Inc is a close ended fixed income mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It is co-managed by Aberdeen Standard Investments Australia Limited and Aberdeen Asset Managers Limited. The fund invests in fixed income markets of Asia, Australia, and New Zeland.

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