Private Harbour Investment Management Counsel Lowers stake in Aberdeen Asia-Pacific Income Fund (FAX)

Aberdeen Asia-Pacific Income Fund (FAX) : Private Harbour Investment Management Counsel reduced its stake in Aberdeen Asia-Pacific Income Fund by 1.38% during the most recent quarter end. The investment management company now holds a total of 157,297 shares of Aberdeen Asia-Pacific Income Fund which is valued at $819,517 after selling 2,200 shares in Aberdeen Asia-Pacific Income Fund , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Aberdeen Asia-Pacific Income Fund makes up approximately 0.66% of Private Harbour Investment Management Counsel’s portfolio.

Other Hedge Funds, Including , United Asset Strategies reduced its stake in FAX by selling 1,001 shares or 1.96% in the most recent quarter. The Hedge Fund company now holds 50,115 shares of FAX which is valued at $261,099. Aberdeen Asia-Pacific Income Fund makes up approx 0.09% of United Asset Strategies’s portfolio. Pring Turner Capital Group Inc added FAX to its portfolio by purchasing 410,100 company shares during the most recent quarter which is valued at $2,148,924. Aberdeen Asia-Pacific Income Fund makes up approx 2.76% of Pring Turner Capital Group Inc’s portfolio.Huntington National Bank boosted its stake in FAX in the latest quarter, The investment management firm added 357,652 additional shares and now holds a total of 398,334 shares of Aberdeen Asia-Pacific Income Fund which is valued at $2,079,303. Aberdeen Asia-Pacific Income Fund makes up approx 0.05% of Huntington National Bank’s portfolio.

Aberdeen Asia-Pacific Income Fund opened for trading at $5.24 and hit $5.26 on the upside on Thursday, eventually ending the session at $5.23, with a gain of 0.38% or 0.02 points. The heightened volatility saw the trading volume jump to 4,36,201 shares. Company has a market cap of $1,332 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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