PHILADELPHIA, Jan. 31, 2013 /PRNewswire/ -- Aberdeen Indonesia Fund, Inc.(NYSE MKT: IF) (the "Fund"), a closed-end equity fund, today announced that it paid on January 31, 2013, a distribution of $2.27950 per share to all shareholders of record at the close of business on December 21, 2012. This distribution is comprised of $0.10866 per share of net investment income, $0.0105 per share of net realized short-terms gains, and $2.16034 per share of net realized long-terms capital gains.
(Logo: http://photos.prnewswire.com/prnh/20121106/NE07292LOGO )
As previously announced, the distribution was payable in the Fund's common stock. However, stockholders had the option to request that their distributions be paid in cash in lieu of common stock. The aggregate amount of cash distributions to all stockholders was limited to 20% of the aggregate dollar amount of the total distribution. Because cash distribution requests exceeded this limit, the cash distribution was pro-rated among all stockholders who made such requests. Stockholders who requested cash distributions received $0.67042 per share or 29.41% of the distribution in cash and received the balance in the Fund's common stock. For purposes of computing the stock portion of the dividend, the common stock distributed was valued at $12.43 per share, which equaled the average closing price of the Fund's common shares on the NYSE MKT on January 23, 2013 and the two preceding trading days.
Under U.S. tax rules applicable to the Fund, the amount and character of distributable income for each fiscal year can be finally determined only as of the end of the Fund's fiscal year. However, under Section 19 of the Investment Company Act of 1940, as amended (the "1940 Act") and related Rules, the Fund may be required to provide shareholders with an estimate of the source of certain distributions to shareholders.
The following table sets forth the estimated amounts of the sources of the distribution for purposes of Section 19 of the 1940 Act and the Rules adopted thereunder. The table includes estimated amounts and percentages for this distribution and for the cumulative distributions year to date (01/01/2012-12/31/2012), from the following sources: net investment income; net realized short-term capital gains; net realized long-term capital gains; and return of capital.
Distribution per share ($)
per share (%)
Fiscal Year to
per share ($)
Fiscal Year to
per share (%)
Net Investment Income
Net Realized Short-Term Capital Gains
Net Realized Long-
Term Capital Gains
Return of Capital
Total (per common share)
The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience and may be subject to change based on tax regulations. The final determination of the source of all distributions for 2012 will be presented in a Form 1099-DIV for the calendar year, which will be sent to you and will tell you how to report these distributions for federal income tax purposes.
Closed-end funds are traded on the secondary market through one of the stock exchanges. The 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 a fund will achieve its investment objective. Past performance does not guarantee future results. Investing in Funds involves risk, including loss of principle.
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 InvestorRelations@aberdeen-asset.com
SOURCE Aberdeen Indonesia Fund, Inc.