PHILADELPHIA, March 30, 2017 /PRNewswire/ -- Aberdeen Latin America Equity Fund, Inc. (the "Fund") (NYSE MKT: LAQ) 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.
As of the record date, February 6, 2017, there were 7,448,517 outstanding shares of the Fund. 90.33% of the outstanding shares were voted at the Meeting 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:
James J. Cattano
Directors whose term of office continued beyond the Meeting are as follows: Enrique R. Arzac, Lawrence J. Fox and Steven N. Rappaport.
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.
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