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Aberdeen Asia-Pacific Income Fu Message Board

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  • flipper_58 flipper_58 Sep 22, 2000 1:42 AM Flag

    EQUITLINK & RETURN OF CAPITAL

    Profit29man here's a few news items from the
    fund:
    ""The Fund estimates that distributions year to date,
    including the distribution paid on September 15, 2000, are
    made up of 61% net investment income, 1% realized
    capital gains, and 38% return of paid-in
    capital""

    from June:
    ""The Fund estimates that distributions
    year to date, including the distribution paid on June
    16, 2000, are made up of 67% net investment income,
    2% realized capital gains, and 31% return of paid-in
    capital""

    That seems pretty clear. And the IR person thinks by
    year-end there may be no ROC? That doesn't sound like a
    very responsible thing for an IR person to
    say.

    And ROC is misunderstood by us? uh? With all the
    funny games that go on in CEF fund's accounting I'm in
    shock someone would say that. Funny things they do like
    NOT putting the preferred stock dividend in the
    expenses of the fund. By paying out ROC to preferred
    holders and inflating the Net Investment Income % to
    S/H's? Sounds like a case of too many Fosters at lunch.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • FLIPPER, I agree that this is what the fund has
      told investors. However, I wish you would phone
      EQUITILINK at 1-800-522-5465. Simply talk to any of the
      INVESTOR RELATIONS personnel & see what they tell you. I
      just happened to pick a lady. I don't know any of
      them. I can only tell you that the one I chose said
      that investors are misinformed. THANKS!

      • 1 Reply to profit29man
      • Very interesting statement if Equitiling actually
        said it and I don't doubt i for a minute. If we are
        misinformed, who is to blame for that? Isn't it the
        responsibility of Equitilink to keep shareholders informed?
        Equitilink has been flying this CEF right into the ground
        for years and is still just acting confused and not
        taking any responsibility for their poor performance.
        With the possibility of another dividend cut and end
        of the year tax loss selling, wouldn't it be wise to
        delay further investments in this one?

    • This is based upon the many articles I have read
      from the Australian sites reguarding the AUD recovery
      to the US$.
      1. It is likely to take to the mid
      November area after the US elections.
      2. They say the
      real present value of the AUD is about .63 cents to
      the US$
      3. By November, it is expected that
      interest rates will have been increased in Europe and
      Australia while the US is unchanged.
      4. The US economy
      is weakening and profit projections are being
      lowered. A nice US stock market correction would reduce
      the luster of pouring money into the US. Is this hope
      or projectipon? ?
      5. Whatever affect the Olympics
      will have on the Australian economy should by then be
      felt.
      6. I don't see any .80 or .90 cents projections for
      the AUD. In fact I don't even see .70 being
      projected.
      7. Will FAX tax loss selling run head in to this
      projected favorable period? ? ?
      BW

 
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