Aberdeen Global Income Fund, Inc. Announces Payment of Monthly Distribution
13 Novembro 2009 - 2:16PM
PR Newswire (US)
PHILADELPHIA, Nov. 13 /PRNewswire-FirstCall/ -- Aberdeen Global
Income Fund, Inc. (NYSE AMEX: FCO) (the "Fund"), a closed-end bond
fund, today announced that it paid on November 13, 2009, a monthly
distribution of US 7.0 cents per share to all shareholders of
record as of October 30, 2009. For the 12 months to October 31,
2009, the Fund has paid total distributions amounting to US $1.59
per share. Under U.S. tax rules applicable to the Fund, the amount
and character of distributable income for each fiscal year can be
finally determined only as of the end of the Fund's fiscal year.
However, under Section 19 of the Investment Company Act of 1940, as
amended (the "1940 Act") and related Rules, the Fund may be
required to indicate to shareholders the source of certain
distributions to shareholders. The following table sets forth the
estimated amounts of the sources of the distribution for purposes
of Section 19 of the 1940 Act and the Rules adopted thereunder. The
table includes estimated amounts and percentages for this
distribution and for the cumulative distributions paid year to
date, from the following sources: net investment income; net
realized short-term capital gains; net realized long-term capital
gains; and return of capital. The estimated composition of the
distributions may vary from month to month because the estimated
composition may be impacted by future income, expenses and realized
gains and losses on securities. Estimated Estimated Estimated
Estimated Amounts of Amounts of Amounts of Amounts of Current
Current Fiscal Year to Fiscal Year to Monthly Monthly Date
Cumulative Date Cumulative Distribution Distribution Distributions
Distributions per share ($) per share (%) per share ($) per share
(%) Net Investment Income $0.0535 76.43% $0.0535 76.43% Net
Realized Short-Term Capital Gains - - - - Net Realized Long-Term
Capital Gains - - - - Return of Capital $0.0165 23.57% $0.0165
23.57% Total (per common share) $0.0700 100.00% $0.0700 100.00% The
Fund estimates that it has distributed more than its income and net
realized capital gains; therefore, a portion of your distribution
may be a return of capital. A return of capital may occur for
example, when some or all of the money that you invested in the
Fund is paid back to you. A return of capital distribution does not
necessarily reflect the Fund's investment performance and should
not be confused with "yield," "income" or "profit." The amounts and
sources of distributions reported are only estimates and are not
being provided for tax reporting purposes. The final determination
of the source of all distributions in 2009 will be made after
year-end. The actual amounts and sources of the amounts for tax
reporting purposes will depend upon the Fund's investment
experience during the remainder of the fiscal year and may be
subject to change based on tax regulations. The Fund will send you
a Form 1099-DIV for the calendar year that will tell you how to
report these distributions for federal income tax purposes. The
following table provides information regarding the Fund's total
return performance based on net asset value (NAV) over various time
periods as well as the Fund's annualized and cumulative
distribution rates. Average Annual Total Return on NAV for the 5
Year Period Ending 10/31/09 5.89% Current Fiscal Period's
Annualized Distribution Rate on NAV(1) 13.64% Fiscal Year to Date
(11/1/2008 to 10/31/2009) Cumulative Total Return on NAV 42.92%
Cumulative Distribution Rate on NAV(1) 13.64% (1) Based on the
Fund's NAV as of October 31, 2009. While NAV performance may be
indicative of the Fund's investment performance, it does not
measure the value of a shareholder's investment in the Fund. The
value of a shareholder's investment in the Fund is determined by
the Fund's market price, which is based on the supply and demand
for the Fund's shares in the open market. Shareholders should not
draw any conclusions about the Fund's investment performance from
the amount of the Fund's current distributions or from the terms of
the distribution policy (the "Distribution Policy"), which is to
provide investors with a stable monthly distribution. Pursuant to
an exemptive order granted to the Fund by the Securities and
Exchange Commission on December 14, 1999, the Fund may distribute
any long-term capital gains more frequently than the limits
provided in Section 19(b) under the 1940 Act and Rule 19b-1
thereunder. Therefore, distributions paid by the Fund during the
year may include net income, short-term capital gains, long-term
capital gains and/or a return of capital. Net income dividends and
short-term capital gain dividends, while generally taxable at
ordinary income rates, may be eligible, to the extent of qualified
dividend income earned by the Fund, to be taxed at a lower
long-term capital gains rate. If the total distributions made in
any calendar year exceed investment company taxable income and net
capital gain, such excess distributed amount would be treated as
ordinary income to the extent of the Fund's current and accumulated
earnings and profits. Distributions in excess of the earnings and
profits would first be a tax-free return of capital to the extent
of the adjusted tax basis in the shares. After such adjusted tax
basis is reduced to zero, the distribution would constitute capital
gain (assuming the shares are held as capital assets). The payment
of distributions in accordance with the Distribution Policy may
result in a decrease in the Fund's net assets. A decrease in the
Fund's net assets may cause an increase in the Fund's annual
operating expenses and a decrease in the Fund's market price per
share to the extent the market price correlates closely to the
Fund's net asset value per share. The Distribution Policy may also
negatively affect the Fund's investment activities to the extent
that the Fund is required to hold larger cash positions than it
typically would hold or to the extent that the Fund must liquidate
securities that it would not have sold or hold securities that it
would liquidate, for the purpose of paying the distribution. The
Distribution Policy may, under certain circumstances, cause the
amounts of taxable distributions to exceed the levels required to
be distributed under the Code (i.e., to the extent the Fund has
capital losses in any taxable year, such losses may be carried
forward to reduce the amount of capital gains required to be
distributed in future years; if distributions in a year exceed the
amount minimally required to be distributed under the tax rules,
such excess will be taxable as ordinary income to the extent loss
carryforwards reduce the required amount of capital gains
distributions in that year). The Fund's Board of Directors has the
right to amend, suspend or terminate the Distribution Policy at any
time. The amendment, suspension or termination of the Distribution
Policy may affect the Fund's market price per share. Investors
should consult their tax advisor regarding federal, state and local
tax considerations that may be applicable in their particular
circumstances. Circular 230 disclosure: To ensure compliance with
requirements imposed by the U.S. Treasury, we inform you that any
U.S. tax advice contained in this communication (including any
attachments) is not intended or written to be used, and cannot be
used, for the purpose of (i) avoiding penalties under the Internal
Revenue Code or (ii) promoting, marketing or recommending to
another party any transaction or matter addressed herein. If you
wish to receive this information electronically, please contact
www.aberdeenfco.com Aberdeen Asset Management Asia Limited and
Aberdeen Asset Management Limited are registered investment
advisers under the Investment Advisers Act of 1940. DATASOURCE:
Aberdeen Global Income Fund, Inc. CONTACT: Aberdeen Asset
Management Inc. Investor Relations, +1-866-839-5233, Web Site:
http://www.aberdeenfco.com/
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