Aberdeen Asset Management
New York, July 17, 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 August 11, 2006 to all shareholders of record as of July 31, 2006 (ex-dividend
date July 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
September 2006.
For the 12 months to June 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 is required to indicate the source of each distribution to
shareholders.
The Fund estimates that distributions for the fiscal year commencing November 1, 2005 are
comprised of 100% 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 paid during 2006, and provide information with respect to their
appropriate tax treatment. 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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