Aberdeen Global Income Fund, Inc. Announces Payment of Monthly Distribution
12 Fevereiro 2010 - 5:12PM
PR Newswire (US)
PHILADELPHIA, Feb. 12 /PRNewswire-FirstCall/ -- Aberdeen Global
Income Fund, Inc. (NYSE AMEX: FCO) (the "Fund"), a closed-end bond
fund, today announced that it paid on February 12, 2010, a monthly
distribution of US 7.0 cents per share to all shareholders of
record as of January 29, 2010. 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 Fiscal Year Monthly Monthly to Date to
Date Distribution Distribution Cumulative Cumulative per share per
share Distributions Distributions ($) (%) per share ($) per share
(%) ------------ ------------ ------------- ------------- Net
Investment Income $0.0630 90% $0.2080 99% -------------- -------
--- ------- --- Net Realized Short-Term Capital Gains - - - -
-------------- --- --- --- --- Net Realized Long-Term Capital Gains
- - - - -------------- --- --- --- --- Return of Capital 0.0070 10%
$0.0020 1% --------- ------ --- ------- --- Total (per common
share) $0.0700 100% $0.2100 100% -------------- ------- --- -------
--- The Fund may estimate 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 2010 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 1/31/10 5.10% Current Fiscal Period's Annualized
Distribution Rate on NAV(1) 7.24% Fiscal Year to Date (11/1/2009 to
1/31/2010) Cumulative Total Return on NAV 1.27% Cumulative
Distribution Rate on NAV(1) 1.81% (1) Based on the Fund's NAV as of
January 31, 2010. 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: Investor Relations, Aberdeen Asset Management
Inc., +1-866-839-5233, Web Site: http://www.aberdeenfco.com/
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