Aberdeen Chile Fund, Inc. Announces Record Date and Payment Date for Quarterly Distribution
PHILADELPHIA, Sept. 1 /PRNewswire-FirstCall/ -- Aberdeen Chile Fund, Inc. (NYSE Amex: CH) (the "Fund"), a closed-end equity fund, announced today that it will pay a quarterly distribution of US 46 cents per share on October 8, 2010 to all shareholders of record as of September 14, 2010 (ex-dividend date September 10, 2010).
The Fund has a managed distribution policy of paying quarterly distributions at an annual rate, set once a year, that is a percentage of the average of the Fund's prior four calendar quarter end net asset values. The Board of Directors determined that the rolling distribution rate shall be 10% for the 12 months commencing with the distribution payable in October 2010. This policy will be subject to regular review by the Fund's Board of Directors. The distributions will be made from current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital.
For the 12 months to August 31, 2010, the Fund has paid total distributions amounting to US $1.56 per share. The composition of distributions paid by the Fund since the beginning of the Fund's fiscal year, January 1, 2010, will be estimated through the payment date, and announced at the time of payment of the distribution.
The Fund is managed and advised by Aberdeen Asset Management Investment Services Limited. The Fund's shares trade on the NYSE AMEX under the symbol "CH".
If you wish to receive this information electronically, please contact [email protected]
SOURCE Aberdeen Chile Fund, Inc.
Share this article