Aberdeen Japan Equity Fund, Inc. Announces Dividend Payable on January 12, 2016
December 19, 2015 at 02:31 am IST
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Aberdeen Japan Equity Fund, Inc. announced that it will pay a dividend of $0.30595 per share on January 12, 2016 to all stockholders of record as of December 31, 2015. This distribution is comprised of $0.04838 per share of net investment income, $0.02723 per share of net realized short-term gains and $0.23034 per share of net realized long-term capital gains.
abrdn Japan Equity Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to outperform over the long term, on a total return basis (including appreciation and dividends), the Tokyo Stock Price Index (TOPIX). The Fund seeks to achieve its investment objective by investing substantially all of its assets, but under normal circumstances at least 80% of its assets, in equity securities of companies listed on the Tokyo Stock Exchange (TSE) or listed on the over-the-counter market in Japan or listed on other stock exchanges in Japan. The Fund invests in various sectors, including consumer discretionary, industrials, information technology, healthcare, financials, materials, communication services, consumer staples, real estate, and short-term investment. abrdn Asia Limited is the investment manager of the Fund.