PHILADELPHIA, April 9, 2018 /PRNewswire/ -- Aberdeen
Greater China Fund, Inc. (NYSE: GCH) (the "Fund"), a closed-end
equity fund, announced today that it will pay a distribution of
US$1.32581 per share on April 25, 2018 to all shareholders of record as
of April 19, 2018. This distribution
is comprised of $0.26008 per share of
net realized short-term capital gains and $1.06573 per share of net realized long-term
capital gains.
This distribution is being made in respect to the upcoming
Reorganization which was approved by shareholders on March 16, 2018. As was previously noted in
the Fund's Joint Proxy/Prospectus, prior to the Reorganization
closing date the Fund will declare a distribution that will have
the effect of distributing all of the Fund's investment company
taxable income, if any, through the Closing Date, all of its net
capital gains, if any, through the Closing Date, and all of its net
tax-exempt interest income, if any, through the Closing Date.
The distribution will be paid in all cash with no reinvestment
option.
In January 2019, a Form 1099-DIV
will be sent to shareholders, which will state the amount and
composition of distributions and provide information with respect
to their appropriate tax treatment for the 2018 calendar
year.
The Fund is managed and advised by Aberdeen Asset Management
Asia Limited. The Fund's shares trade on the NYSE under the symbol
"GCH".
You should not draw any conclusions about the Fund's investment
performance from the amount of this distribution.
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.
If you wish to receive this information
electronically, please contact
InvestorRelations@aberdeen-asset.com
aberdeengch.com
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SOURCE Aberdeen Greater China Fund, Inc.