Aberdeen Chile Fund, Inc. Announces Record Date and Payment Date for Quarterly Distribution

PHILADELPHIA, Dec. 8, 2011 /PRNewswire/ -- Aberdeen Chile Fund, Inc. (NYSEAMEX: CH) (the "Fund"), a closed-end equity fund, announced today that it will pay a quarterly distribution of US 47 cents per share on January 13, 2012 to all shareholders of record as of December 30, 2011.

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 2011.  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 November 30, 2011, the Fund has paid total distributions amounting to US $4.51255 per share.  Please be advised that approximately $2.02994 of this distribution amount was in the form of common shares of the Fund.  The composition of distributions paid by the Fund since the beginning of the Fund's fiscal year, January 1, 2011, 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".

You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's plan.

Closed-end funds have a one-time initial public offering and then are subsequently traded on the secondary market through one of the stock exchanges. The investment return and principal value will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund's portfolio. There is no assurance that a fund will achieve its investment objective. Past performance does not guarantee future results.

Investors should consider a fund's investment objectives, risks, charges and expenses carefully before investing. A copy of the prospectus for Aberdeen Chile Fund, Inc. that contains this and other information about the fund may be obtained by calling 866-839-5205. Please read the prospectus carefully before investing. Investing in funds involves risk, including possible loss of principal.  

If you wish to receive this information electronically, please contact [email protected]

www.aberdeench.com

Aberdeen Asset Management Investment Services Limited is a registered investment adviser under the Investment Advisers Act of 1940.

SOURCE Aberdeen Chile Fund, Inc.

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