Oxbow Advisors buys $31,511,737 stake in Aberdeen Asia-Pacific Income Fund (FAX)

Aberdeen Asia-Pacific Income Fund (FAX) : Oxbow Advisors scooped up 17,722 additional shares in Aberdeen Asia-Pacific Income Fund during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 6,048,318 shares of Aberdeen Asia-Pacific Income Fund which is valued at $31,511,737.Aberdeen Asia-Pacific Income Fund makes up approximately 4.42% of Oxbow Advisors’s portfolio.

Other Hedge Funds, Including , Planning Alternatives Ltd Adv added FAX to its portfolio by purchasing 10,959 company shares during the most recent quarter which is valued at $57,096. Aberdeen Asia-Pacific Income Fund makes up approx 0.01% of Planning Alternatives Ltd Adv’s portfolio. Pring Turner Capital Group Inc added FAX to its portfolio by purchasing 410,100 company shares during the most recent quarter which is valued at $2,148,924. Aberdeen Asia-Pacific Income Fund makes up approx 2.76% of Pring Turner Capital Group Inc’s portfolio.Huntington National Bank boosted its stake in FAX in the latest quarter, The investment management firm added 357,652 additional shares and now holds a total of 398,334 shares of Aberdeen Asia-Pacific Income Fund which is valued at $2,079,303. Aberdeen Asia-Pacific Income Fund makes up approx 0.05% of Huntington National Bank’s portfolio.

Aberdeen Asia-Pacific Income Fund opened for trading at $5.25 and hit $5.27 on the upside on Monday, eventually ending the session at $5.25, with a gain of 0.38% or 0.02 points. The heightened volatility saw the trading volume jump to 7,58,792 shares. Company has a market cap of $1,337 M.

Aberdeen Asia-Pacific Income Fund Inc. (the Fund) is a closed-end non-diversified management investment company. The Fund’s investment objective is to seek current income. It may also achieve incidental capital appreciation. The Fund normally invests at least 80% of its net assets plus the amount of any borrowings for investment purposes in Asian debt securities Australian debt securities and New Zealand debt securities. Asian Countries include Bangladesh China Hong Kong India Indonesia Japan Malaysia Pakistan the Philippines Singapore South Korea Taiwan Thailand Vietnam Sri Lanka Kazakhstan and Mongolia and such other countries on the Asian continent approved for investment by the investment manager of the Fund. Aberdeen Asset Management Asia Limited serves as investment manager to the Fund.

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