REG - abrdn Asian IncFd - First Interim Dividend

abrdn Asian Income FundAnnouncement

16/04/2024 16:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240416:nRSP8526Ka&default-theme=true

RNS Number : 8526K  abrdn Asian Income Fund Limited  16 April 2024

abrdn Asian Income Fund Limited (the "Company")

Legal Entity Identifier (LEI):  549300U76MLZF5F8MN87

 

16 April 2024

 

Declaration of First Interim Dividend

 

The Directors of the Company have today declared a first interim dividend in
respect of the year ending 31 December 2024 of 2.55p per Ordinary share of No
Par Value (first interim for 2023: 2.50p). The first interim dividend will be
payable on 24 May 2024 to Ordinary shareholders on the register on 26 April
2024, ex-dividend date 25 April 2024.

 

The Board is aware of the importance of dividends to shareholders and is
pleased to reiterate that, in the absence of unforeseen circumstances, the
intention is to continue to grow the total dividend year on year. This will
enable the Company to retain its status as a "next generation dividend hero"
as recognised by the Association of Investment Companies.

 

The level of the remaining three dividends for 2023 will be considered at each
quarter end, at which point an announcement will be made by the
Company. There are healthy revenue reserves built up by the Company that the
Board will consider using as appropriate. Any decision as to whether revenue
reserves will be utilised (and by how much) will be taken at the time of the
declaration of the fourth interim dividend in January 2025.

 

The Company operates a Dividend Reinvestment Plan ("DRIP") which is managed by
the registrar, Link Group, and the deadline for elections under the DRIP will
be 26 April 2024.

 

abrdn Investments Limited

Administrator

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DIVEASLKFEFLEFA