Aberdeen Global Income Fund, Inc. Announces Performance Data and Portfolio Composition
01 July 2009 - 12:21AM
PR Newswire (US)
PHILADELPHIA, June 30 /PRNewswire-FirstCall/ -- Aberdeen Global
Income Fund, Inc. (the "Fund") (NYSE AMEX: FCO), a closed-end bond
fund, announced today its performance data and portfolio
composition as of May 31, 2009. The Fund's total returns for
various periods through May 31, 2009 are provided below. (All
figures are based on distributions reinvested at the dividend
reinvestment price, and are stated net-of-fees): Period NAV Total
Return % Market Price Total Return % Cumulative Annualized
Cumulative Annualized Since Inception 232.0 7.2 225.6 7.1 (March
1992) 10-years 90.0 6.6 143.5 9.3 5-years 29.0 5.2 41.9 7.3 3-years
5.9 1.9 18.1 5.7 1-year -8.1 6.1 The Fund's returns, which are
denominated in U.S. dollars, are affected by the performance of the
U.S. dollar against the various currencies listed below. As of May
31, 2009, the portfolio was invested as follows: Currency Exposure
% * Geographic Exposure % Australia 23.5 23.5 United Kingdom 0.3
10.3 Canada 11.7 15.2 New Zealand 12.8 19.8 United States ** 47.3
0.6 Europe (ex UK) 0.6 2.2 Asia 1.2 10.6 Emerging Markets 2.6 17.8
* Currency allocations include impact of all foreign forward
currency exchange contracts. ** Of which 23.1% is invested in US$
denominated bonds issued by foreign issuers. As of May 31, 2009,
the Fund's net assets, including US$30 million in bank borrowing,
amounted to US$124.5 million with a net asset value per share of
common stock of US$10.50. As of May 31, 2009, 69.3% of the
portfolio was invested in securities where either the issue or the
issuer was rated "A" or better, or judged by the Investment Manager
to be of equivalent quality. The credit quality and maturity
breakdown of the portfolio was as follows: Credit Quality (%)
----------------- AAA/Aaa AA/Aa A BBB/Baa BB/Ba B CCC 40.4 15.5
13.4 9.7 17.9 2.8 0.3 As of May 31, 2009, the average credit
quality of the portfolio was A+. Maturity (%) ------------ 10 Years
26.2 20.1 29.0 24.7 As of May 31, 2009, the average maturity of the
portfolio was 10.0 years. A revolving credit loan facility, in the
amount of $30,000,000, was entered into on March 7, 2008 with the
Bank of Nova Scotia, in order to fund the redemption of the Fund's
Auction Market Preferred Stock ("AMPS") that took place in March
2008. The leverage is used with the intent of enhancing returns by
borrowing at interest rates that are lower than the relatively
higher yields of the emerging market fixed income securities in
which the Fund invests. The Fund has entered into interest rate
swap agreements in order to fix the interest payable on an
aggregate notional amount of $19.4 million, which represents 65% of
the bank loan facility. Details regarding the revolving credit loan
facility and the interest rate swap agreements are contained in the
Fund's annual and semi-annual reports to shareholders. Important
Information Aberdeen Asset Management Inc., the Fund's
Administrator, has prepared this report based on information
sources believed to be accurate and reliable. However, the figures
are unaudited and neither the Fund, the Administrator, Aberdeen
Asset Management Asia Limited (the Investment Manager), Aberdeen
Asset Management Limited (the Investment Adviser), nor any other
person guarantees their accuracy. Investors should seek their own
professional advice and should consider the investment objectives,
risks, charges and expenses before acting on this information.
Aberdeen is a U.S. registered service mark of Aberdeen Asset
Management PLC. Total return figures with distributions reinvested
at the dividend reinvestment price are stated net-of-fees and
represents past performance. Past performance is not indicative of
future results, current performance may be higher or lower.
Inception date March 12, 1992. If you wish to receive this
information electronically, please contact DATASOURCE: Aberdeen
Global Income Fund, Inc. CONTACT: Investor Relations, Aberdeen
Asset Management Inc., +1-866-839-5233,
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