Evergreen Capital Management LLC Raises Holdings in abrdn Asia-Pacific Income Fund, Inc. $FAX

Evergreen Capital Management LLC lifted its holdings in shares of abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) by 3.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 896,662 shares of the investment management company’s stock after acquiring an additional 33,158 shares during the period. Evergreen Capital Management LLC owned approximately 0.36% of abrdn Asia-Pacific Income Fund worth $13,900,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Jane Street Group LLC purchased a new stake in shares of abrdn Asia-Pacific Income Fund during the first quarter worth about $170,000. Ameriprise Financial Inc. purchased a new stake in abrdn Asia-Pacific Income Fund in the third quarter valued at approximately $189,000. CoreCap Advisors LLC boosted its position in abrdn Asia-Pacific Income Fund by 25.3% in the third quarter. CoreCap Advisors LLC now owns 15,040 shares of the investment management company’s stock valued at $245,000 after buying an additional 3,040 shares during the last quarter. Fisher Asset Management LLC boosted its position in abrdn Asia-Pacific Income Fund by 32.8% in the third quarter. Fisher Asset Management LLC now owns 15,616 shares of the investment management company’s stock valued at $254,000 after buying an additional 3,859 shares during the last quarter. Finally, Creative Planning boosted its position in abrdn Asia-Pacific Income Fund by 6.9% in the second quarter. Creative Planning now owns 21,167 shares of the investment management company’s stock valued at $337,000 after buying an additional 1,364 shares during the last quarter. Hedge funds and other institutional investors own 33.55% of the company’s stock.

abrdn Asia-Pacific Income Fund Trading Up 0.2%

Shares of NYSEAMERICAN FAX opened at $15.14 on Tuesday. The business’s 50 day moving average price is $15.28 and its 200 day moving average price is $15.38. abrdn Asia-Pacific Income Fund, Inc. has a 52 week low of $14.18 and a 52 week high of $16.90.

abrdn Asia-Pacific Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, April 22nd will be given a $0.165 dividend. The ex-dividend date is Wednesday, April 22nd. This represents a c) dividend on an annualized basis and a yield of 13.1%.

abrdn Asia-Pacific Income Fund Company Profile

The abrdn Asia-Pacific Income Fund is a closed-end management investment company listed on the NYSE American under the ticker FAX. The fund seeks to provide total return by focusing primarily on current income and secondarily on capital appreciation through a diversified portfolio of Asia-Pacific securities.

Its investment portfolio is concentrated in dividend-paying equity securities of companies domiciled or operating in the Asia-Pacific region, excluding Japan. The fund may invest in common stocks, real estate investment trusts (REITs), depositary receipts, convertible securities and derivatives.