An anonymous director reports

ABRDN ASIA-PACIFIC INCOME FUND VCC ANNOUNCES MONTHLY DISTRIBUTION

Abrdn Asia-Pacific Income Investment Fund VCC will pay a monthly distribution of 1.75 cents per share on May 31, 2023, to all shareholders of record as of May 19, 2023 (ex dividend date May 18, 2023).

As announced on Jan. 17, 2023, the monthly distribution of 1.75 cents per share is a reduction in the distribution rate from 2.25 cents per share per month. The company intends to maintain this distribution level of 1.75 cents per share for at least the next 12 months unless there are significant and unforeseen changes in market conditions or an economic shock.

The policy of the company's board of directors is to maintain a stable monthly distribution. For the 12 months to April 30, 2023, the company has paid total distributions amounting to 25.50 cents per ordinary share.

As a Singapore-domiciled company, all distribution payments will be treated as foreign income for Canadian income tax purposes. Shareholders with registered addresses in Canada will receive distributions in Canadian dollars unless they have elected otherwise.

The company's estimated sources of the current fiscal year to date distributions is as shown in the attached table.

Shareholders should not draw any conclusions about the company's investment performance from the amount of the company's current distribution. The amounts and sources of distributions set out in the attached table are estimates only and are not being provided for tax reporting purposes. The final determination of the source of all distributions made in 2023 will be made after the year ended 2023. The actual amounts and sources of the amounts of distributions for tax reporting purposes will depend upon the company's results during the remainder of the calendar year and are subject to any changes to applicable tax regulations. Information for tax reporting purposes will be provided to the company's shareholders on a Form T5 in February of 2024.

Abrdn is the registered marketing name in Canada for the following entities: Abrdn Canada Ltd., Abrdn Investments Luxembourg SA, Abrdn Private Equity (Europe) Ltd., Abrdn Capital Partners LLP, Abrdn Investment Management Ltd., Aberdeen Standard Alternative Funds Ltd. and Aberdeen Capital Management LLC. Abrdn Canada is registered as a portfolio manager and exempt market dealer in all provinces and territories of Canada as well as an investment fund manager in the provinces of Ontario, Quebec, and Newfoundland and Labrador.