PHILADELPHIA, Jan. 12, 2015 /PRNewswire/ -- Aberdeen Latin America Equity Fund, Inc. (NYSE MKT: LAQ) (the "Fund"), a closed-end equity fund, today announced that it paid on January 12, 2015, a distribution of US $1.21544 per share to all shareholders of record as of December 31, 2014.

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Under U.S. tax rules applicable to the Fund, the amount and character of distributable income for each fiscal year can be finally determined only as of the end of the Fund's fiscal year. However, under Section 19 of the Investment Company Act of 1940, as amended (the "1940 Act") and related Rules, the Fund may be required to indicate to shareholders the source of certain distributions to shareholders.

The following table sets forth the estimated amounts of the sources of the distribution for purposes of Section 19 of the 1940 Act and the Rules adopted thereunder. The table has been computed based on generally accepted accounting principles. The table includes estimated amounts and percentages for this distribution and for the cumulative distributions paid relating to fiscal year to date (01/01/2014 - 12/31/2014), from the following sources: net investment income; net realized short-term capital gains; net realized long-term capital gains; and return of capital. 



                     Estimated             Estimated            Estimated                  Estimated
                     Amounts of            Amounts of       Amounts of Fiscal          Amounts of Fiscal
                      Current               Current            Year to Date               Year to Date
                    Distribution          Distribution          Cumulative                 Cumulative
                   per share ($)         per share (%)       Distributions              Distributions
                                                              per share ($)              per share (%)
                                                               ------------               ------------

    Net Investment
     Income                      0.47200                39%                   0.52800                      40%
    --------------               -------                ---                    -------                      ---

    Net Realized
     Short-Term
     Capital
     Gains*                      0.00384                 0%                   0.00384                       0%
    ------------                 -------                ---                    -------                      ---

    Net Realized
     Long-Term
     Capital Gains               0.73960                61%                   0.79060                      60%
    --------------               -------                ---                    -------                      ---

    Return of
     Capital                           -                 -                         -                       -
    ---------                        ---               ---                       ---                     ---

    Total (per
     common share)               1.21544               100%                   1.32244                     100%
    --------------               -------                ---                    -------                      ---

*includes currency gains

The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax reporting purposes. The final determination of the source of all distributions in 2014 will be made after year-end. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of the fiscal year and may be subject to change based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Circular 230 disclosure: To ensure compliance with requirements imposed by the U.S Treasury, we inform you that any U.S. tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.

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.

If you wish to receive this information electronically, please contact InvestorRelations@aberdeen-asset.com

aberdeenlaq.com

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SOURCE Aberdeen Latin America Equity Fund, Inc.