Terril Brothers buys $21.8 Million stake in Aberdeen Asia-Pacific Income Fund (FAX)

Aberdeen Asia-Pacific Income Fund (FAX) : Terril Brothers scooped up 220,803 additional shares in Aberdeen Asia-Pacific Income Fund during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 4,432,121 shares of Aberdeen Asia-Pacific Income Fund which is valued at $21.8 Million.Aberdeen Asia-Pacific Income Fund makes up approximately 11.70% of Terril Brothers’s portfolio.

Other Hedge Funds, Including , Keybank National Associationoh sold out all of its stake in FAX during the most recent quarter. The investment firm sold 24,421 shares of FAX which is valued $120,151.Baker Ellis Asset Management reduced its stake in FAX by selling 1,200 shares or 4.51% in the most recent quarter. The Hedge Fund company now holds 25,400 shares of FAX which is valued at $124,968. Aberdeen Asia-Pacific Income Fund makes up approx 0.04% of Baker Ellis Asset Management’s portfolio.Camelot Portfolios reduced its stake in FAX by selling 3,300 shares or 12.82% in the most recent quarter. The Hedge Fund company now holds 22,450 shares of FAX which is valued at $110,454. Aberdeen Asia-Pacific Income Fund makes up approx 0.07% of Camelot Portfolios’s portfolio.Newgate Capital Management reduced its stake in FAX by selling 47,532 shares or 3.1% in the most recent quarter. The Hedge Fund company now holds 1,485,804 shares of FAX which is valued at $7.5 Million. Aberdeen Asia-Pacific Income Fund makes up approx 6.56% of Newgate Capital Management’s portfolio.Granite Investment Advisors reduced its stake in FAX by selling 96,710 shares or 11.58% in the most recent quarter. The Hedge Fund company now holds 738,525 shares of FAX which is valued at $3.7 Million. Aberdeen Asia-Pacific Income Fund makes up approx 0.74% of Granite Investment Advisors’s portfolio.

Aberdeen Asia-Pacific Income Fund opened for trading at $4.91 and hit $4.98 on the upside on Monday, eventually ending the session at $4.94, with a gain of 0.41% or 0.02 points. The heightened volatility saw the trading volume jump to 8,93,797 shares. Company has a market cap of $1,321 M.

Aberdeen Asia-Pacific Income Fund Inc. (the Fund) is a closed-end non-diversified management investment company. The Fund’s investment objective is to seek current income. It may also achieve incidental capital appreciation. The Fund normally invests at least 80% of its net assets plus the amount of any borrowings for investment purposes in Asian debt securities Australian debt securities and New Zealand debt securities. Asian Countries include Bangladesh China Hong Kong India Indonesia Japan Malaysia Pakistan the Philippines Singapore South Korea Taiwan Thailand Vietnam Sri Lanka Kazakhstan and Mongolia and such other countries on the Asian continent approved for investment by the investment manager of the Fund. Aberdeen Asset Management Asia Limited serves as investment manager to the Fund.

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