PHILADELPHIA, Sept. 28, 2015 /PRNewswire/ -- Aberdeen
Greater China Fund, Inc. (NYSE: GCH) (the
"Fund"), a closed-end equity fund, today announced that it paid on
September 28, 2015, a distribution of
US$0.02687 per share to all
shareholders of record as of September
21, 2015.
Under U.S. tax rules applicable to the Fund, the amount
and character of distributable income for each fiscal year can be
finally determined only as of the end of the Fund's fiscal year.
However, under Section 19 of the Investment Company Act of 1940, as
amended (the "1940 Act") and related Rules, the Fund may be
required to indicate to shareholders the source of certain
distributions to shareholders.
The following table sets forth the estimated amounts of
the sources of the distribution for purposes of Section 19 of the
1940 Act and the Rules adopted thereunder. The table has been
computed based on generally accepted accounting
principles. The table includes estimated amounts
and percentages for this distribution and for the cumulative
distributions paid relating to fiscal year to date (01/01/2015 – 08/31/2015), from the following
sources: net investment income; net realized short-term capital
gains; net realized long-term capital gains; and return of
capital.
|
Estimated Amounts of Current
Distribution
per share ($)
|
Estimated Amounts of Current
Distribution
per share (%)
|
Estimated Amounts of Fiscal Year to Date Cumulative
Distributions
per share ($)
|
Estimated Amounts of Fiscal Year to Date Cumulative
Distributions
per share (%)
|
Net Investment Income
|
$0.00011
|
1%
|
$0.00011
|
1%
|
Net Realized Short-Term Capital
Gains*
|
$0.01053
|
39%
|
$0.01053
|
39%
|
Net Realized Long-Term Capital
Gains
|
$0.01623
|
60%
|
$0.01623
|
60%
|
Return of Capital
|
-
|
-
|
-
|
-
|
Total (per common share)
|
$0.02687
|
100%
|
$0.02687
|
100%
|
*includes currency gains
As of August 31, 2015, after
giving effect to this payment, the Fund has a net deficit of
$14,362,000. A net
deficit results when the Fund has net unrealized losses that are in
excess of any net realized gains that have not yet been
distributed.
The amounts and sources of distributions reported are
only estimates and are not being provided for tax reporting
purposes. The final determination of the source of all
distributions in 2015 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
aberdeengch.com
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SOURCE Aberdeen Greater China Fund, Inc.