Peter D. Sacks Sells 6,500 Shares of Aberdeen Asia-Pacific Income Fund, Inc. (FAX) Stock

Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) Director Peter D. Sacks sold 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 24th. The stock was sold at an average price of $3.96, for a total transaction of $25,740.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

NYSEAMERICAN:FAX opened at $3.93 on Friday. Aberdeen Asia-Pacific Income Fund, Inc. has a 1-year low of $3.92 and a 1-year high of $5.11.

The company also recently announced a monthly dividend, which will be paid on Monday, October 29th. Stockholders of record on Friday, October 19th will be issued a dividend of $0.035 per share. This represents a $0.42 annualized dividend and a dividend yield of 10.69%. The ex-dividend date is Thursday, October 18th.



Several large investors have recently bought and sold shares of the company. Oppenheimer & Co. Inc. increased its holdings in shares of Aberdeen Asia-Pacific Income Fund by 60.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 69,025 shares of the investment management company’s stock valued at $285,000 after purchasing an additional 26,000 shares in the last quarter. Creative Planning increased its holdings in Aberdeen Asia-Pacific Income Fund by 45.5% in the 3rd quarter. Creative Planning now owns 67,218 shares of the investment management company’s stock worth $278,000 after acquiring an additional 21,029 shares in the last quarter. PenderFund Capital Management Ltd. purchased a new stake in Aberdeen Asia-Pacific Income Fund in the 3rd quarter worth $828,000. Evanson Asset Management LLC increased its holdings in Aberdeen Asia-Pacific Income Fund by 1.8% in the 3rd quarter. Evanson Asset Management LLC now owns 1,217,132 shares of the investment management company’s stock worth $5,039,000 after acquiring an additional 21,626 shares in the last quarter. Finally, Cahill Financial Advisors Inc. increased its holdings in Aberdeen Asia-Pacific Income Fund by 20.4% in the 2nd quarter. Cahill Financial Advisors Inc. now owns 136,832 shares of the investment management company’s stock worth $592,000 after acquiring an additional 23,225 shares in the last quarter.

Aberdeen Asia-Pacific Income Fund Company Profile

Aberdeen Asia-Pacific Income Fund, Inc is a close ended fixed income mutual fund launched and managed by Aberdeen Asset Management Asia Limited. It is co-managed by Aberdeen Asset Management Limited and Aberdeen Asset Managers Limited. The fund invests in fixed income markets of Asia, Australia, and New Zeland.

See Also: Benefits of owning preferred stock

Receive News & Ratings for Aberdeen Asia-Pacific Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aberdeen Asia-Pacific Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply