The policy of the Company's Board of Directors is to maintain a stable monthly distribution out of net investment income and realized capital gains supplemented with paid-in capital as required. This policy is subject to regular review at the Board's quarterly meetings.
The following table sets forth the estimated amounts and the sources of the distributions. The figures in the table below have been computed based on international financial reporting standards. The table includes estimated amounts and percentages for the distribution to be paid on January 29, 2021 as well as the estimated cumulative distributions declared fiscal year to date (
Estimated Amounts of Current Monthly Distribution per share (C$) | Estimated Amounts of Current Monthly Distribution per share (%) | Estimated Amounts of Fiscal Year to Date Cumulative Distributions per share (C$) | Estimated Amounts of Fiscal Year to Date Cumulative Distributions per share (%) | |
Net Investment Income | 84% | 84% | ||
Net Realized Gains | 16% | 16% | ||
Return of Capital | - | - | - | - |
Return of Par | - | - | - | - |
Total (per common share) | 100% | 100% |
Shareholders should not draw any conclusions about the Company's investment performance from the amount of the Company's current distribution.
The amounts and sources of distributions set out above are estimates only and are not being provided for tax reporting purposes. The final determination of the source of all distributions made in 2021 will be made after the year-ended 2020. The actual amounts and sources of the amounts of distributions for tax reporting purposes will depend upon the Company's results during the remainder of the calendar year and are subject to any changes to applicable tax regulations. Information for tax reporting purposes will be provided to the Company's shareholders on a Form T5 in February of 2022.
The Company previously announced that the Cook Islands Parliament recently passed legislation that removes the tax exemptions for
Information in this press release that is not current or historical factual information may constitute forward-looking information within the meaning of securities laws. Such forward-looking information reflects the Investment Manager's beliefs, estimates and opinion regarding the Company's future financial performance, projects and opportunities and market conditions as at today's date. Implicit in this information, particularly in respect of future financial performance and condition of the Company, are factors and assumptions which, although considered reasonable by the Company at the time of preparation, may prove to be incorrect. Shareholders are cautioned that actual results are subject to a number of risks and uncertainties, including general economic and market factors, including credit, currency, political and interest-rate risks and could differ materially from what is currently expected. The Company has no specific intention of updating any forward-looking information whether as a result of new information, future events or otherwise, except as required by law.
Aberdeen Standard Investments ("ASI") is the marketing name in
Closed-end funds are traded on the secondary market through one of the stock exchanges. The Company'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 Company. There is no assurance that the Company will achieve its investment objective. Past performance does not guarantee future results.
If you wish to receive this information electronically, please contact Investor.Relations@aberdeenstandard.com
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