Terril Brothers Lowers stake in Aberdeen Asia-Pacific Income Fund (FAX)

Aberdeen Asia-Pacific Income Fund (FAX) : Terril Brothers reduced its stake in Aberdeen Asia-Pacific Income Fund by 2.77% during the most recent quarter end. The investment management company now holds a total of 4,309,386 shares of Aberdeen Asia-Pacific Income Fund which is valued at $22,796,652 after selling 122,735 shares in Aberdeen Asia-Pacific Income Fund , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Aberdeen Asia-Pacific Income Fund makes up approximately 9.56% of Terril Brothers’s portfolio.

Other Hedge Funds, Including , Penbrook Management reduced its stake in FAX by selling 5,200 shares or 16.3% in the most recent quarter. The Hedge Fund company now holds 26,700 shares of FAX which is valued at $139,641. Aberdeen Asia-Pacific Income Fund makes up approx 0.14% of Penbrook Management’s portfolio.

Aberdeen Asia-Pacific Income Fund closed down -0.01 points or -0.19% at $5.31 with 3,64,198 shares getting traded on Friday. Post opening the session at $5.29, the shares hit an intraday low of $5.28 and an intraday high of $5.31 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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