Post Launch Announcement

RNS Number : 7550R

Aberdeen Latin American Inc Fd Ltd

27 August 2010

 



27 August 2010

ABERDEEN LATIN AMERICAN INCOME FUND LIMITED

The Company is pleased to announce that the initial level of gearing of approximately 10% of NAV as anticipated in the Prospectus has been drawn down and, together with the placing proceeds, has been invested as detailed below.

The £10 million bank facility is a 364 day revolving credit facility priced at 130bp over LIBOR and, utilising the currency option, USD8 million has been drawn for three months at an all in rate of 1.64086%.

The portfolio breakdown by country weighting as at 25 August 2010 is as follows:

Country	Equity	Bonds	Total
	%	%	%
Argentina	2.41	-	2.41
Brazil	38.18	19.54	57.72
Chile	3.08	-	3.08
Colombia	-	-	-
Mexico	14.52	13.70	28.22
Peru	-	4.10	4.10
Uruguay	-	1.49	1.49
Cash	1.89	1.09	2.98
Totals	60.08	39.92	100.00

Aberdeen Private Wealth Management Limited

Secretary

 

END

 

 

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