Media coverage about Aberdeen Asia-Pacific Income Fund (NYSE:FAX) has been trending somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Aberdeen Asia-Pacific Income Fund earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned news stories about the investment management company an impact score of 47.119086464881 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Aberdeen Asia-Pacific Income Fund (NYSE:FAX) traded up $0.02 during trading on Friday, reaching $5.05. 336,269 shares of the company’s stock were exchanged.
The company also recently announced a monthly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, October 20th were issued a $0.035 dividend. The ex-dividend date of this dividend was Thursday, October 19th. This represents a $0.42 dividend on an annualized basis and a yield of 8.32%.
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In other news, major shareholder Voya Financial, Inc. bought 24,000,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were purchased at an average price of $24,000,000.00 per share, for a total transaction of $576,000,000,000,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
About Aberdeen Asia-Pacific Income Fund
Aberdeen Asia-Pacific Income Fund, Inc is a non-diversified, closed-end management investment company. The Fund’s principal investment objective is to seek current income. The Fund may also achieve incidental capital appreciation. To achieve its investment objectives, the Fund invests approximately 80% of its net assets, plus the amount of any borrowings for investment purposes, in Asian debt securities, Australian debt securities and New Zealand debt securities.
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