RCS - Aberdeen Latin - Edison issues review on Aberdeen LatinAmer Inc

abrdn Latin American Income FundAnnouncement

24/02/2021 07:00

RNS Number : 0989Q
  
Aberdeen Latin American Inc Fd Ltd
  
24 February 2021
  
 

 
London, UK, 24 February 2021
 
Edison issues review on Aberdeen Latin American Income Fund (ALAI)
Aberdeen Latin American Income Fund's (ALAI) managers at Aberdeen Standard Investments (ASI) are cautiously optimistic on the outlook for the region, focusing on its long-term opportunities, while acknowledging the current challenging backdrop due to the global healthcare pandemic. They believe that Latin America is well positioned for an economic improvement and commodity reflation as vaccines are rolled out and are confident about a corporate earnings recovery given measures that companies have taken to rationalise their businesses during the downturn. The managers also point to the relatively attractive valuations compared with the global market available in the region, which may reflect investor concerns about the fiscal and political backdrop in Latin America.
 
ALAI's current 7.9% share price discount to cum-income NAV is narrower than the 13.5% to 14.2% range of average discounts over the last one, three and five years. The company has continued to pay regular dividends throughout the pandemic, using revenue reserves when required; it currently offers a 6.0% yield.   



Click here to view the full report or here to sign up to receive research as it is published. 
 
All reports published by Edison are available to download free of charge from its website
www.edisongroup.com
About Edison: Edison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors. By focusing on the volume and quality of investors reached - across institutions, family offices, wealth managers and retail investors - Edison can create and gauge intent to purchase, even in the darkest pools of capital, and then make introductions via non-deal roadshows, events or virtual meetings. 
Having been the first in-market 17 years ago, Edison now has more than 100 analysts covering every economic sector. Headquartered in London, Edison also has offices in New York, Frankfurt, Amsterdam and Tel Aviv and a presence in Athens, Johannesburg and Sydney.
Edison is authorised and regulated by the Financial Conduct Authority.
Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities. 
For more information, please contact Edison:
Mel Jenner        +44 (0)20 3077 5720 investmenttrusts@edisongroup.com
Sarah Godfrey  +44 (0)20 3681 2519 investmenttrusts@edisongroup.com
Learn more at www.edisongroup.com and connect with Edison on:  
LinkedIn        https://www.linkedin.com/company/edison-group-/
Twitter             www.twitter.com/Edison_Inv_Res 
YouTube       www.youtube.com/edisonitv

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
NRATJMRTMTMTBBB