PHILADELPHIA, April 9, 2018 /PRNewswire/ -- Aberdeen Latin
America Equity Fund, Inc. (NYSE American: LAQ) (the
"Fund"), a closed-end equity fund, announced today that it will pay
a distribution of US$1.21058 per
share on April 25, 2018 to all
shareholders of record as of April
19, 2018. This distribution is comprised of
$0.13087 per share of net investment
income, $0.42505 per share of net
realized short-term capital gains and $0.65466 per share of net realized long-term
capital gains.
This distribution is being made in respect to the upcoming
Reorganization which was approved by shareholders on March 16, 2018. As was previously noted in
the Fund's Joint Proxy/Prospectus, prior to the Reorganization
closing date the Fund will declare a distribution that will have
the effect of distributing all of the Fund's investment company
taxable income, if any, through the Closing Date, all of its net
capital gains, if any, through the Closing Date, and all of its net
tax-exempt interest income, if any, through the Closing Date.
The distribution will be paid in all cash with no reinvestment
option.
In January 2019, a Form 1099-DIV
will be sent to shareholders, which will state the amount and
composition of distributions and provide information with respect
to their appropriate tax treatment for the 2018 calendar
year.
The Fund is managed and advised by Aberdeen Asset Managers
Limited. The Fund's shares trade on the NYSE American under the
symbol "LAQ".
You should not draw any conclusions about the Fund's investment
performance from the amount of this distribution.
Closed-end funds are traded on the secondary market through one
of the stock exchanges. The Fund's 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 the Fund
will achieve its investment objective.
If you wish to receive this information
electronically, please contact
InvestorRelations@aberdeen-asset.com
aberdeenlaq.com
View original content with
multimedia:http://www.prnewswire.com/news-releases/aberdeen-latin-america-equity-fund-inc-announces-distribution-300626756.html
SOURCE Aberdeen Latin America Equity Fund, Inc.