Abrdn Asia-Pacific Income Fund Inc (FAX)
| Market Value | 629.15M |
| Revenue (ttm) | 71.23M |
| Net Income (ttm) | 16.56M |
| Shares Out | 41.28M |
| EPS (ttm) | 0.40 |
| PE Ratio | 37.99 |
| Forward PE | n/a |
| Dividend | $1.87 (12.25%) |
| Ex-Dividend Date | Nov 21, 2024 |
| Volume | 240,788 |
| Open | 15.31 |
| Previous Close | 15.27 |
| Day's Range | 15.18 - 15.47 |
| 52-Week Range | 14.88 - 17.55 |
| Beta | 0.67 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About FAX
Abrdn Asia-Pacific Income Fund Inc is a close ended fixed income mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It is co-managed by Aberdeen Standard Investments Australia Limited and Aberdeen Asset Managers Limited. The fund invests in fixed income markets of Asia, Australia, and New Zeland. It primarily invests in debt securities issued by governmental entities, banks, companies, and other entities. Abrdn Asia-Pacific Income Fund Inc was formed on March 14, 1986 and is domiciled in the United States. [Read more]
News
FAX: Modest Rebound In Performance But Still An Avoid
The abrdn Asia-Pacific Income Fund Inc saw a share price jump due to a 1-for-6 reverse stock split, not improved performance. FAX's recent returns have been modest, benefiting from easing global inter...
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KBRA Assigns a Rating to Series B Mandatory Redeemable Preferred Shares and Affirms Ratings of the Senior Notes Issued by abrdn Asia-Pacific Income Fund, Inc. (FAX)
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a 'AA-' rating to Series B Mandatory Redeemable Preferred Shares (“MRPS”) issued by abrdn Asia-Pacific Income Fund, Inc. (NYSE: FAX) (“FAX...
abrdn Asia-Pacific Income Fund, Inc. (FAX) Announces Issuance Of Series B Mandatory Redeemable Preferred Shares
PHILADELPHIA, PA / ACCESSWIRE / October 3, 2024 / abrdn Asia-Pacific Income Fund, Inc. (NYSE MKT:FAX) (the "Fund"), a closed-end fund, today announced the closing of a private offering of 4 million sh...
CEF Weekly Review: Reverse Splits Are Never A Good Sign
We review the CEF market valuation and performance through the fourth week of August and highlight recent market action. CEFs had a strong week, with most sectors finishing in the green, supported by ...
abrdn Asia-Pacific Income Fund, Inc. Announces Details of Upcoming 1-For-6 Reverse Stock Split
PHILADELPHIA, PA / ACCESSWIRE / August 19, 2024 / abrdn Asia-Pacific Income Fund, Inc. (NYSE American:FAX) (the "Fund"), a closed-end fund, announced today that the Fund's Board of Directors approved ...
FAX: With The China Stress Behind Us, Asian Debt Looks Attractive
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CORRECTION: abrdn U.S. Closed-End Funds Announce Distribution Payment Details
This release provides an update to the performance tables regarding the IAF Estimated Amounts of Current Distribution per Share and Estimated Amounts of Fiscal Year to Date Cumulative Distributions pe...
abrdn U.S. Closed End Funds Announce Distribution Payment Details
PHILADELPHIA, PA / ACCESSWIRE / January 10, 2024 / The following abrdn U.S. Closed-End Funds (NYSE:ACP)(NYSE:AGD)(NYSE:AOD)(NYSE:ASGI)(NYSE:AWP) and (NYSE American:FAX)(NYSE American:FCO)(NYSE America...
FAX: A Risky Play On Emerging Asian Bonds
Emerging Asian bonds, the key focus of abrdn's Asia-Pacific Income Fund, have been a beacon of resilience this year. Relative spreads are perhaps too narrow at this point, though, and could be vulnera...
FAX: High-Yielding Asia-Pacific Fixed Income Fund Still Available At A Deep Discount
abrdn Asia-Pacific Income Fund (FAX) invests in fixed income securities in the Asia-Pacific region, with a history of paying dividends and a current yield of 12.6%. FAX primarily invests in growing, l...
KBRA Assigns Ratings to the Senior Notes and Mandatory Redeemable Preferred Shares Issued by abrdn Asia-Pacific Income Fund, Inc. (FAX)
NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA assigns a rating of ‘AAA' for Senior Notes and ‘AA-' to the Mandatory Redeemable Preferred Shares (“MRPS”) issued by abrdn Asia-Pacific Income Fund, Inc. (NYSE:...
abrdn Asia-Pacific Income Fund, Inc. Announces Change in Rating Agency to Kroll Bond Rating Agency from Fitch Ratings for Senior Notes and Mandatory Redeemable Preferred Shares
PHILADELPHIA, PA / ACCESSWIRE / June 16, 2023 / abrdn Asia-Pacific Income Fund, Inc. (NYSE:FAX) announced today that its Board of Directors has elected to terminate, effective June 16, 2023, the desig...
abrdn Asia-Pacific Income Fund VCC Announces Results of Annual General Meeting
TORONTO, ON / ACCESSWIRE / March 9, 2023 / abrdn Asia-Pacific Income Fund VCC (TSX:FAP)(UEN:T21VC0235H) (the "Company"), a closed-end investment company trading on the Toronto Stock Exchange, announce...
abrdn Asia-Pacific Income Fund VCC Announces Monthly Distribution
TORONTO, ON / ACCESSWIRE / March 9, 2023 / abrdn Asia-Pacific Income Investment Fund VCC (TSX:FAP)(UEN:T21VC0235H) (the "Company"), a closed-end investment company trading on the Toronto Stock Exchang...
FAX: Asian Bond Fund With A Shrinking NAV/Distribution Problem
Aberdeen Asia-Pacific Income Fund, Inc. primarily invests in Asian bonds to fund its high distribution yield. The FAX closed-end fund currently pays a $0.275/month distribution for a 12.0% forward yie...
The Month In Closed-End Funds: December 2022
For the first month in three, equity CEFs (-3.12% on a NAV basis) on average witnessed negative performance. While their fixed income CEF cohorts (-0.28%) posted losses for the fourth month in five.
FAX: Investing In Low Risk Fixed Income Securities In The Right Markets
FAX pays monthly dividends and generates an annual yield in the range of 7 to 10 percent. Average yield during the past 5 years was close to 10 percent. FAX's portfolio is comparatively less risky, du...
CORRECTION FROM SOURCE: abrdn U.S. Closed-End Funds Announce Distribution Payment Details
One update to the first performance table estimating the amount sources of the distribution. abrdn Global Infrastructure Income Fund ("ASGI") abrdn Asia-Pacific Income Fund, Inc. ("FAX") PHILADELPHIA,...
Income Opportunities: CEFs And Rising Rates
After the Fed hiked interest rates for the fourth time this year, closed-end fund investors may wonder how their income will be affected. Past cycles have shown that valuations fall ahead of time in a...
FAX: Just Get Out And Don't Look Back
FAX is a closed-end fund focused on emerging markets' fixed income. The vehicle is down -25% YTD, but more worryingly exposes a deeply negative decade-long total return.
Certain abrdn U.S. Closed-end Funds Announce Name Changes
PHILADELPHIA, PA / ACCESSWIRE / June 10, 2022 / The following abrdn U.S. Closed-End Funds (collectively, the "Funds") announced today that the Funds' respective boards have approved a name change for ...
Abrdn U.S. Closed-End Funds Announce Distribution Payment Details
PHILADELPHIA, PA / ACCESSWIRE / March 9, 2022 / The following abrdn U.S. Closed-End Funds announced today that the closed-end funds in the chart directly below will pay the distributions indicated on ...
FAX - Moving From Bearish To Neutral
FAX is an Asian fixed income CEF with significant China bond exposure. Since we wrote our Bearish article, the fund is down on a total return basis more than 8% annualized.
Dividend Investing Checklist For 5%+ Declines
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