Aberdeen Standard Investments Inc. Announces Director Appointment and Director Resignation for US Funds
June 23, 2021 at 18:00 PM EDT
PHILADELPHIA, PA / ACCESSWIRE / June 23, 2021 / Aberdeen Standard Investments Inc.:
ABERDEEN ASIA-PACIFIC INCOME FUND, INC. (NYSE AMERICAN:FAX)
The above-listed closed-end and open-end funds (collectively, the 'Funds') announced that Mr. Stephen Bird, CEO of Standard Life Aberdeen plc ('SLA plc'), has been appointed as a management representative and an interested Director/Trustee to the Board of each Fund.
Mr. Martin Gilbert, the former co-CEO of SLA plc, has resigned as an interested Director/Trustee from the Boards of FCO, ACP, JEQ, AGD, AOD, AWP, ASGI, and Aberdeen Funds. Mr. Gilbert's term as an interested Director of FAX and IAF ended earlier this year.
The independent Directors/Trustees of the Funds subsequently engaged Mr. Gilbert as an advisory consultant to the independent Directors/Trustees.
The Boards would like to extend their sincere gratitude to Mr. Gilbert and acknowledge the invaluable contribution he has made to the Funds during his tenure.
Closed-end funds are traded on the secondary market through one of the stock exchanges. The Fund's investment return and principal value will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund's portfolio. There is no assurance that the Fund will achieve its investment objective. Past performance does not guarantee future results.
For More Information Contact:
If you wish to receive this information electronically, please contact Investor.Relations@aberdeenstandard.com.
SOURCE: Aberdeen Standard Investments Inc.
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