Evanson Asset Management buys $5,986,139 stake in Aberdeen Asia-Pacific Income Fund (FAX)

Aberdeen Asia-Pacific Income Fund (FAX) : Evanson Asset Management scooped up 108,177 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 9, 2016. The investment management firm now holds a total of 1,216,695 shares of Aberdeen Asia-Pacific Income Fund which is valued at $5,986,139.Aberdeen Asia-Pacific Income Fund makes up approximately 2.04% of Evanson Asset Management’s portfolio.

Other Hedge Funds, Including , Whittier Trust Co sold out all of its stake in FAX during the most recent quarter. The investment firm sold 1,810 shares of FAX which is valued $9,122.Bar Harbor Trust Services boosted its stake in FAX in the latest quarter, The investment management firm added 287,150 additional shares and now holds a total of 537,765 shares of Aberdeen Asia-Pacific Income Fund which is valued at $2,710,336. Aberdeen Asia-Pacific Income Fund makes up approx 1.55% of Bar Harbor Trust Services’s portfolio.Washington Trust Bank reduced its stake in FAX by selling 8,200 shares or 40.9% in the most recent quarter. The Hedge Fund company now holds 11,851 shares of FAX which is valued at $59,729. Aberdeen Asia-Pacific Income Fund makes up approx 0.02% of Washington Trust Bank’s portfolio.

Aberdeen Asia-Pacific Income Fund opened for trading at $4.9 and hit $4.92 on the upside on Friday, eventually ending the session at $4.92, with a gain of 0.41% or 0.02 points. The heightened volatility saw the trading volume jump to 6,39,793 shares. Company has a market cap of $1,316 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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