Mcgowan Group Asset Management buys $26,524,372 stake in Aberdeen Asia-Pacific Income Fund (FAX)

Aberdeen Asia-Pacific Income Fund (FAX) : Mcgowan Group Asset Management scooped up 1,216,069 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 15, 2016. The investment management firm now holds a total of 5,014,059 shares of Aberdeen Asia-Pacific Income Fund which is valued at $26,524,372.Aberdeen Asia-Pacific Income Fund makes up approximately 6.47% of Mcgowan Group Asset Management’s portfolio.

Other Hedge Funds, Including , Advisors Asset Management boosted its stake in FAX in the latest quarter, The investment management firm added 84,588 additional shares and now holds a total of 189,513 shares of Aberdeen Asia-Pacific Income Fund which is valued at $999,681. Aberdeen Asia-Pacific Income Fund makes up approx 0.02% of Advisors Asset Management’s portfolio. Salient Capital Advisors sold out all of its stake in FAX during the most recent quarter. The investment firm sold 15,700 shares of FAX which is valued $82,111. Garrison Bradford Associates Inc added FAX to its portfolio by purchasing 11,500 company shares during the most recent quarter which is valued at $59,915. Aberdeen Asia-Pacific Income Fund makes up approx 0.06% of Garrison Bradford Associates Inc’s portfolio.

Aberdeen Asia-Pacific Income Fund closed down -0.05 points or -0.95% at $5.24 with 3,28,686 shares getting traded on Thursday. Post opening the session at $5.28, the shares hit an intraday low of $5.23 and an intraday high of $5.3 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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