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 June 30, 2023, to all shareholders of record as of June 23, 2023 (ex dividend date June 22, 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 May 31, 2023, the company has paid total distributions amounting to 25 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.