abrdn Asia-Pacific Income Fund, Inc. (FAX) To Go Ex-Dividend on January 23rd

abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) announced a monthly dividend on Monday, January 12th. Investors of record on Friday, January 23rd will be given a dividend of 0.165 per share by the investment management company on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 12.9%. The ex-dividend date is Friday, January 23rd.

abrdn Asia-Pacific Income Fund Stock Performance

Shares of FAX opened at $15.39 on Wednesday. The company has a 50 day moving average of $15.32 and a two-hundred day moving average of $15.79. abrdn Asia-Pacific Income Fund has a twelve month low of $13.99 and a twelve month high of $16.90.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FAX. Franklin Resources Inc. grew its stake in shares of abrdn Asia-Pacific Income Fund by 135.2% during the second quarter. Franklin Resources Inc. now owns 211,903 shares of the investment management company’s stock worth $3,373,000 after acquiring an additional 121,790 shares during the last quarter. Guggenheim Capital LLC increased its position in shares of abrdn Asia-Pacific Income Fund by 71.7% in the 2nd quarter. Guggenheim Capital LLC now owns 161,630 shares of the investment management company’s stock valued at $2,573,000 after acquiring an additional 67,478 shares during the period. Easterly Investment Partners LLC raised its stake in abrdn Asia-Pacific Income Fund by 161.7% in the 2nd quarter. Easterly Investment Partners LLC now owns 81,739 shares of the investment management company’s stock worth $1,301,000 after acquiring an additional 50,500 shares during the last quarter. Penserra Capital Management LLC increased its holdings in shares of abrdn Asia-Pacific Income Fund by 3.0% in the second quarter. Penserra Capital Management LLC now owns 1,088,176 shares of the investment management company’s stock valued at $17,323,000 after purchasing an additional 32,161 shares during the period. Finally, Truffle Hound Capital LLC increased its holdings in shares of abrdn Asia-Pacific Income Fund by 20.0% in the second quarter. Truffle Hound Capital LLC now owns 600,000 shares of the investment management company’s stock valued at $9,552,000 after purchasing an additional 100,000 shares during the period. 33.55% of the stock is currently owned by hedge funds and other institutional investors.

About abrdn Asia-Pacific Income Fund

The abrdn Asia-Pacific Income Fund is a closed-end management investment company listed on the NYSE American under the ticker FAX. The fund seeks to provide total return by focusing primarily on current income and secondarily on capital appreciation through a diversified portfolio of Asia-Pacific securities.

Its investment portfolio is concentrated in dividend-paying equity securities of companies domiciled or operating in the Asia-Pacific region, excluding Japan. The fund may invest in common stocks, real estate investment trusts (REITs), depositary receipts, convertible securities and derivatives.