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Aberdeen Asia-Pacific Income Fund, Inc. Announces Results Of Annual Meeting Of Shareholders

PHILADELPHIA, March 30, 2017 /PRNewswire/ -- Aberdeen Asia-Pacific Income Fund, Inc. (the "Fund") (FAX) held its Annual Meeting of Shareholders (the "Meeting") on March 30, 2017.  At the Meeting, shareholders of the Fund voted to re-elect one Class II Director to the Board of Directors and one Preferred Share Director to the Board of Directors.

As of the record date, February 6, 2017, the Fund had outstanding 252,365,785 shares of common stock and 2,000,000 shares of preferred stock. 83.2% of outstanding common stock were voted and 100.0% of outstanding preferred stock were voted representing a quorum.

The description of the proposal and number of shares voted at the Meeting are as follows:

To elect one Class II Director to the Board of Directors:


Votes For

Votes Against

Votes Withheld

P. Gerald Malone

189,902,884

17,732,116

3,966,942

 

To elect one Preferred Share Director to the Board of Directors:


Votes For

Votes Against

Votes Withheld

Peter D. Sacks

2,000,000

0

0

 

Directors whose term of office continued beyond the meeting are as follows: Martin J. Gilbert, William J. Potter, John T. Sheehy and Neville J. Miles.

Closed-end funds are traded on the secondary market through one of the stock exchanges. The Fund's investment return and principal value will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund's portfolio. There is no assurance that the Fund will achieve its investment objective.

If you wish to receive this information electronically, please contact InvestorRelations@aberdeen-asset.com

aberdeenfax.com

 

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