Second Interim Dividend

RNS Number : 1797T

abrdn Asian Income Fund Limited

20 July 2022

 

abrdn Asian Income Fund Limited (the "Company")

Legal Entity Identifier (LEI):  549300U76MLZF5F8MN87

20 July 2022

Declaration of Second Interim Dividend

The Directors of the Company have today declared a second interim dividend in respect of the year ending 31 December 2022 of 2.3p per Ordinary share of No Par Value (second interim for 2021: 2.25p).  The second interim dividend will be payable on 22 August 2022 to Ordinary shareholders on the register on 29 July 2022, ex-dividend date 28 July 2022.

The Board is very aware of the importance of dividends to shareholders and is pleased to reiterate that the Company is targeting a total dividend of at least 9.75p per Ordinary share for the years ending 31 December 2022 and 2023. 

The level of the remaining two dividends for 2022 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 over the past decade 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 2023.

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 29 July 2022.

abrdn Capital International Limited

Company Secretary

 

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