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Abrdn Asia-Pacific Income fund VCC
Symbol FAP
Shares Issued 36,992,854
Close 2025-03-11 C$ 2.87
Market Cap C$ 106,169,491
Recent Sedar Documents

Abrdn Asia-Pacific holders want 18.3M shares redeemed

2025-03-11 17:48 ET - News Release

An anonymous director reports

ABRDN ASIA-PACIFIC INCOME FUND VCC ANNOUNCES RESULTS OF 2025 VOLUNTARY CASH REDEMPTION

Abrdn Asia-Pacific Income Investment Fund VCC has released the results of the 2025 voluntary cash redemption.

Requests for redemption of approximately 18,306,507 ordinary shares of the fund, representing approximately 49.5 per cent of the current issued and outstanding shares, have been submitted by shareholders. As previously announced, the VCC constitution of the company limits the annual redemption to 10 per cent of the issued and outstanding shares on the final day on which to submit shares for redemption, which was March 10, 2025. Since the total number of shares submitted for redemption exceeded the number of shares the company is permitted to redeem, all redemptions of shares will be subject to proration (at a ratio of approximately 0.202, subject to final review) in accordance with terms of the 2025 voluntary cash redemption. Payment of the redemption proceeds will be made on or before April 17, 2025, at a redemption price equal to 100 per cent of the average net asset value (NAV) of the three trading days preceding the March 31, 2025, redemption date, less direct costs. shares that have been submitted for redemption remain eligible for the March, 2025, distribution.

Abrdn is the registered marketing name in Canada for the following entities: Abrdn Canada Ltd., Abrdn Inc., Abrdn Investments Luxembourg S.A. and Abrdn Alternative Funds Ltd. Abrdn Canada Ltd. 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.

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