Aberdeen Asia-Pacific Income Fund, Inc. Reports Results Of Annual Meeting Of Shareholders And Changes To Board Of Directors
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Aberdeen Asset Management Inc. At Aberdeen, resource the executives is our business. We just oversee resources for customers, permitting us to zero in exclusively on their necessities and convey autonomous, target speculation counsel. We know worldwide business sectors from the neighborhood level upwards, drawing on in excess of 1,900 staff, across 32 workplaces in 23 nations. Venture groups are situated in the business sectors or districts where they contribute, conveying nearby point of view in a worldwide speculation climate. (PRNewsFoto/Aberdeen Asset Management Inc.)

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Aberdeen Asia-Pacific Income Fund, Inc.

Apr 29, 2021, 20:35 ET

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PHILADELPHIA, April 29, 2021/PRNewswire/ - Aberdeen Asia-Pacific Income Fund, Inc. (the "Asset") (NYSE American: FAX) held its Annual Meeting of Shareholders (the "Meeting") on April 29, 2021. At the Meeting, investors of the Fund casted a ballot to choose one Class III Director and one Preferred Share Director to the Board of Directors and to support the continuation of the term of two Directors under the Fund's Corporate Governance Policies.

As of the record date, March 5, 2021, the Fund had exceptional 247,695,768 portions of basic stock and 2,000,000 portions of favored stock. 70.56% of extraordinary regular stock were casted a ballot and 100% of exceptional favored stock were casted a ballot addressing a majority.

The depiction of the proposition and number of offers casted a ballot at the Meeting are as per the following:

To choose one Class III Director for the Board of Directors:

Decisions in favor of

Votes

Against/Withheld

Votes Abstained

Radhika Ajmera

169,399,873

4,520,963
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2,253,603

To choose one Preferred Share Director for the Board of Directors:

Decisions in favor of

Votes

Against/Withheld

Votes Abstained

William J. Potter

2,000,000

0

0

To support the continuation of Term for Director under the Corporate Governance Policies

Decisions in favor of

Votes

Against/Withheld

Votes Abstained

Neville J. Miles

168,700,111

5,138,666

2,335,662

P. Gerald Malone

169,463,310

4,367,840

2,343,289

Additionally powerful at the investor meeting on April 29, 2021, Peter D. Sacks resigned from the Fund in accordance with the Fund's retirement strategy, and Martin J. Gilbert's term lapsed. The Board might want to stretch out its genuine appreciation to Mr. Sacks and Mr. Gilbert and recognize the priceless commitments they have made to the Fund during their residency and wish them the best of accomplishment in the entirety of their future undertakings.

Considering the previous, the Board has affirmed a decrease in the size of the Board from six to five chiefs. Chiefs whose term of office proceeded past the Meeting are as per the following: Neville Miles, Moritz Sell, Radhika Ajmera, P. Gerald Malone and William Potter. Compelling upon the retirement of Mr. Sacks, the Board designated Mr. Sell, an Independent Director, to serve in the part of Audit and Valuation Committee Chair.

In the United States, Aberdeen Standard Investments is the showcasing name for the accompanying subsidiary, enlisted speculation counsels: Aberdeen Standard Investments Inc., Aberdeen Asset Managers Ltd., Aberdeen Standard Investments Australia Ltd., Aberdeen Standard Investments (Asia) Ltd., Aberdeen Capital Management, LLC, Aberdeen Standard Investments ETFs Advisors LLC and Aberdeen Standard Alternative Funds Limited.

Shut end reserves are exchanged on the auxiliary market through one of the stock trades. The Fund's venture return and chief worth will vacillate with the goal that a financial backer's offers might be worth pretty much than the first expense. Portions of shut end assets may exchange over (a premium) or beneath (a rebate) the net resource esteem (NAV) of the asset's portfolio. There is no affirmation that the Fund will accomplish its speculation objective. Past execution doesn't ensure future outcomes.

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