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Aberdeen Asia-Pacific Income Fu Message Board

  • axzl axzl Mar 17, 2000 10:18 AM Flag

    With the dividend cut to

    an annual rate of .54 cents has anyone given any
    thought to a reasonable and safe entry point to FAX. In
    addition to the reduction one has to notice that they will
    be reviewing the .54 cent level on a quarterly basis
    going forward.

    At $4.75 market value FAX was
    yielding a little of 15%. One would have to assume that a
    dividend cut was somewhat built into that market value,
    but probably not a 25% reduction. I was kind of
    thinking that a marked value that would yield about 14%
    would be a reasonable entry level. That would be a
    market price of a little under $4 with a healthy
    discount to NAV for protection should the performance
    curve on this fund continue the decline as it has been
    doing for several years.. What are some other thoughts
    on this?

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