Trust Asset Management buys $17,037,813 stake in Aberdeen Asia-Pacific Income Fund (FAX)

Aberdeen Asia-Pacific Income Fund (FAX) : Trust Asset Management scooped up 470,544 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 Oct 5, 2016. The investment management firm now holds a total of 3,347,311 shares of Aberdeen Asia-Pacific Income Fund which is valued at $17,037,813.Aberdeen Asia-Pacific Income Fund makes up approximately 6.92% of Trust Asset Management’s portfolio.

Other Hedge Funds, Including , Lenox Wealth Advisors added FAX to its portfolio by purchasing 5,800 company shares during the most recent quarter which is valued at $29,522. Aberdeen Asia-Pacific Income Fund makes up approx 0.01% of Lenox Wealth Advisors’s portfolio.Washington Trust Bank reduced its stake in FAX by selling 1,000 shares or 8.44% in the most recent quarter. The Hedge Fund company now holds 10,851 shares of FAX which is valued at $55,232. Aberdeen Asia-Pacific Income Fund makes up approx 0.01% of Washington Trust Bank’s portfolio.

Aberdeen Asia-Pacific Income Fund closed down -0.07 points or -1.36% at $5.06 with 4,71,504 shares getting traded on Tuesday. Post opening the session at $5.24, the shares hit an intraday low of $5.05 and an intraday high of $5.24 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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