Aberdeen Asset Management
New York, October 16, 2006 -- Aberdeen Asia-Pacific Income Fund, Inc. (AMEX: FAX /
NYSE Arca: FAX), a closed-end bond fund, announced today that it will pay a monthly
distribution of US 3.5 cents per share on November 13, 2006 to all shareholders of record as of
October 31, 2006 (ex-dividend date October 27, 2006).
The Board's policy is to provide investors with a stable monthly distribution out of current
income, supplemented by realized capital gains and, to the extent necessary, paid-in capital. It is
the Board's intention that the monthly distribution of US 3.5 cents per share be maintained for 12
months, beginning with the July 14, 2006 distribution payment. This policy is subject to regular
review at the Board's quarterly meetings. The next review is scheduled to take place in
December 2006.
For the 12 months to September 30, 2006, the Fund has paid total distributions amounting to US
42 cents per share.
The Fund is subject to U.S. corporate, tax and securities laws. Under U.S. tax accounting rules,
the amount of distributable income for each fiscal period depends on the actual exchange rates
during the entire year between the U.S. dollar and the currencies in which Fund assets are
denominated and on the aggregate gains and losses realized by the Fund during the entire year.
Therefore, the exact amount of distributable income for each fiscal year can only be determined
as of the end of the Fund's fiscal year, October 31. However, under the U.S. Investment
Company Act of 1940, the Fund may be required to indicate the source of certain distributions to
shareholders.
The Fund estimates that distributions for the fiscal year commencing November 1, 2005,
including the distribution paid on October 13, 2006, are comprised entirely of net investment income.
This estimated distribution composition may vary from month to month because it may be
materially impacted by future realized gains and losses on securities and fluctuations in the value
of the currencies in which Fund assets are denominated.
In January 2007, 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 2006 calendar year. Qualifying U.S. taxpayers are generally entitled to a
foreign withholding tax credit on distributions received. Shareholders will be informed as to the
exact amount of the tax credit shortly after the end of the tax year.
The Fund is managed by Aberdeen Asset Management Asia Limited and advised by Aberdeen
Asset Management Limited. The Fund's shares trade on the American Stock Exchange and the
NYSE Arca under the symbol "FAX".
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