Fourth Interim Dividend

RNS Number : 4391N

Aberdeen Latin American Inc Fd Ltd

30 September 2021

 

Aberdeen Latin American Income Fund Limited (the "Company")

Legal Entity Identifier (LEI): 549300DN623WEGE2MY04

30 September 2021

Fourth Interim Dividend

The Board is pleased to declare a fourth interim dividend of 0.875 pence per Ordinary share (2020: 0.875p) in respect of the year ending 31 August 2021 payable on 29 October 2021 to Ordinary shareholders on the register at close of business on 8 October 2021 (ex-dividend date 7 October 2021).

Despite the continued weakness of Latin American currencies against Sterling as a result of the Covid-19 pandemic, which have continued to have economic effects on the Company's equity investments in the form of pared back distributions, the Board has, supplemented by revenue reserves, maintained the level of the Company's dividend.

The Directors have reviewed revenue forecasts for the financial year to 31 August 2022 and, as previously advised, believe that, if the volatility experienced in the region continues and currencies remain weak, it is likely that the payment of a sustainable and covered dividend may necessitate a lower dividend payment in future years. The Directors continue to review closely the strength of the Company's investments and its balance sheet and to monitor closely the impact of Covid-19 and associated vaccine rollouts, together with the ramifications for the region, valuations and recurring earnings, while balancing the income requirements of its shareholders, and will continue to keep its distribution policy under close review.

abrdn Capital International Limited

(Previously known as Aberdeen Standard Capital International Limited)

Manager and Company Secretary

End

 

END

 

 

DIVGZGZLVLMGMZM