abrdn Emerging Markets ex-China Fund - AEF STOCK NEWS

abrdn Emerging Markets ex-China Fund (AEF) has completed its cash tender offer, purchasing 10,150,355 shares (20% of outstanding shares) at $6.07 per share, representing 98% of NAV as of February 21, 2025. The tender was oversubscribed with 72.4% of shares tendered, resulting in a proration ratio of approximately 0.27624999.

Following the purchase, AEF will have 40,601,423 outstanding shares. Effective February 24, 2025, the Fund has implemented a new investment strategy, requiring at least 80% of net assets to be invested in emerging markets equity securities, excluding China.

The Board has committed to conduct another 20% tender offer by June 30, 2028, if the Fund's NAV-based total return performance does not match or exceed the MSCI Emerging Markets ex-China Index between March 1, 2025, and February 28, 2028.

abrdn Emerging Markets Equity Income Fund (AEF) has announced the preliminary results of its cash tender offer that expired on February 20, 2025. The tender offer was for up to 10,150,355 shares, representing approximately 20% of the Fund's outstanding shares.

The offer was significantly oversubscribed, with approximately 36,731,570 shares (72.4% of outstanding stock) tendered. Due to oversubscription, shares will be purchased on a pro-rata basis, with the final purchase price set at 98% of the Fund's NAV as of February 21, 2025. The final number of shares accepted will be announced later.

abrdn Emerging Markets Equity Income Fund (AEF) has announced the start of a cash tender offer to purchase up to 10,150,355 shares, representing approximately 20% of its outstanding shares. The tender offer will be executed at 98% of the Fund's net asset value (NAV) per share.

The offer begins on January 21, 2025, at 12:01 am and will conclude on February 20, 2025, at 5:00 pm New York City time, unless extended. Payment for tendered shares is expected around February 28, 2025. If more than 20% of shares are tendered, purchases will be made on a pro-rated basis.

Shareholders will receive tender offer materials by mail starting January 21, 2025. Those who don't receive materials can contact EQ Fund Solutions, the Fund's information agent, at (800)467-0743.

abrdn Emerging Markets Equity Income Fund (NYSE American: AEF) held its Annual Meeting of Shareholders on April 17, 2023. During the meeting, shareholders voted to re-elect Steven N. Rappaport as a Class III Director. Out of 50,751,779 outstanding shares, 85.0% were voted, achieving quorum.

Vote breakdown for Rappaport’s re-election:

• Votes For: 23,207,835
• Votes Against: 19,727,371
• Abstained: 223,055

It is important to note that closed-end funds like AEF may trade at a premium or discount to their net asset value, and past performance is not indicative of future results.

Aberdeen Emerging Markets Equity Income Fund (NYSE: AEF) held its Annual Meeting of Shareholders on March 31, 2022. Shareholders voted to re-elect one Class II Director, William Maher, with 25,757,317 votes in favor versus 16,446,457 against. Additionally, they approved the continuation of Steven N. Rappaport's term as Director, receiving 41,075,759 votes for and 1,130,104 against. A quorum of 83.4% of the 50,751,778 outstanding shares was present at the meeting.

The Aberdeen Emerging Markets Equity Income Fund, Inc. (NYSE American: AEF) has announced a new quarterly distribution policy set at an annual rate of 6.5%, starting with the June 2021 distribution. This stable distribution plan aims to provide shareholders with consistent cash flow and may help reduce the fund's share discount to net asset value (NAV). The distributions will be sourced from net investment income and may vary in amount based on the fund's net assets. The Board will regularly review this policy.

On April 1, 2021, the Aberdeen Emerging Markets Equity Income Fund (NYSE American: AEF) held its Annual Meeting of Shareholders. A total of 83.55% of outstanding shares were voted, confirming a quorum with 50,751,778 shares. During the meeting, shareholders re-elected Nancy Yao Maasbach and Rahn Porter as Class I Directors. Steven N. Rappaport's term was approved to continue under the Fund's Corporate Governance Policies. The Fund's shares may trade at a premium or discount to net asset value, and investment returns can fluctuate.

Aberdeen Emerging Markets Equity Income Fund (AEF) announced a quarterly distribution of $0.063 per share, payable on March 31, 2021, to shareholders recorded as of March 24, 2021. This distribution adheres to the Fund's quarterly payout policy based on net investment income from dividends. The annualized distribution rate remains at 2.5% for 2021, under constant review by the Board. Shareholders will receive a Form 1099-DIV in January 2022 for tax purposes. The Fund's shares are traded on NYSE American under the symbol AEF.