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

abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) announced a monthly dividend on Friday, July 10th. Investors of record on Thursday, July 23rd will be given a dividend of 0.165 per share by the investment management company on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 13.6%. The ex-dividend date of this dividend is Thursday, July 23rd.

abrdn Asia-Pacific Income Fund Stock Up 1.2%

FAX opened at $14.51 on Tuesday. abrdn Asia-Pacific Income Fund has a fifty-two week low of $14.13 and a fifty-two week high of $16.90. The company has a fifty day moving average of $14.55 and a 200 day moving average of $15.03.

Institutional Trading of abrdn Asia-Pacific Income Fund

Hedge funds have recently made changes to their positions in the business. EP Wealth Advisors LLC purchased a new position in abrdn Asia-Pacific Income Fund during the 4th quarter worth $8,659,000. Rareview Capital LLC purchased a new position in abrdn Asia-Pacific Income Fund in the 4th quarter valued at approximately $2,867,000. Franklin Resources Inc. increased its position in shares of abrdn Asia-Pacific Income Fund by 12,864.6% in the fourth quarter. Franklin Resources Inc. now owns 161,928 shares of the investment management company’s stock valued at $2,484,000 after buying an additional 160,679 shares in the last quarter. Shaker Financial Services LLC acquired a new position in abrdn Asia-Pacific Income Fund during the fourth quarter worth about $1,555,000. Finally, Invesco Ltd. lifted its stake in abrdn Asia-Pacific Income Fund by 20.5% in the 4th quarter. Invesco Ltd. now owns 493,021 shares of the investment management company’s stock valued at $7,563,000 after buying an additional 83,892 shares in the last quarter. 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.