Nine Masts Capital Ltd Lowers stake in Aberdeen Asia-Pacific Income Fund (FAX)

Aberdeen Asia-Pacific Income Fund (FAX) : Nine Masts Capital Ltd reduced its stake in Aberdeen Asia-Pacific Income Fund by 86.11% during the most recent quarter end. The investment management company now holds a total of 63,515 shares of Aberdeen Asia-Pacific Income Fund which is valued at $333,454 after selling 393,740 shares in Aberdeen Asia-Pacific Income Fund , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Aberdeen Asia-Pacific Income Fund makes up approximately 0.12% of Nine Masts Capital Ltd’s portfolio.

Other Hedge Funds, Including , Tci Wealth Advisors boosted its stake in FAX in the latest quarter, The investment management firm added 215 additional shares and now holds a total of 10,365 shares of Aberdeen Asia-Pacific Income Fund which is valued at $54,675. Aberdeen Asia-Pacific Income Fund makes up approx 0.03% of Tci Wealth Advisors’s portfolio.Mengis Capital Management boosted its stake in FAX in the latest quarter, The investment management firm added 8,900 additional shares and now holds a total of 152,850 shares of Aberdeen Asia-Pacific Income Fund which is valued at $806,284. Aberdeen Asia-Pacific Income Fund makes up approx 0.68% of Mengis Capital Management’s portfolio. Wealthsource Partners sold out all of its stake in FAX during the most recent quarter. The investment firm sold 16,320 shares of FAX which is valued $86,088.Oxbow Advisors boosted its stake in FAX in the latest quarter, The investment management firm added 17,722 additional shares and 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 approx 4.42% of Oxbow Advisors’s portfolio. Sigma Planning Corp sold out all of its stake in FAX during the most recent quarter. The investment firm sold 18,769 shares of FAX which is valued $97,974.

Aberdeen Asia-Pacific Income Fund closed down -0.02 points or -0.38% at $5.29 with 4,34,207 shares getting traded on Wednesday. Post opening the session at $5.33, the shares hit an intraday low of $5.28 and an intraday high of $5.34 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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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