NEW YORK, March 5 /PRNewswire-FirstCall/ -- Aberdeen Global IncomeFund, Inc. (the "Fund") (Amex:
Period NAV Total Return % Market Price Total Return % Cumulative Annualized Cumulative Annualized Since Inception (March 1992) 252.9 8.2 197.0 7.1 10-years 115.7 8.0 112.5 7.8 5-years 66.3 10.7 57.7 9.5 3-years 17.5 5.5 7.2 2.3 1-year 10.4 0.7 The Fund's returns, which are denominated in U.S. dollars, are affectedby the performance of the U.S. dollar against the various currencies listedbelow.
As of January 31, 2008, the portfolio was invested as follows: Currency Exposure % * Geographic Exposure % Australia 17.3 23.8 United Kingdom 15.2 6.4 Canada 11.2 15.1 New Zealand 14.4 19.6 United States ** 30.3 4.0 Europe (ex UK) 0.4 2.2 Asia 3.4 2.7 Emerging Markets 7.8 26.2 * Currency allocations include impact of all foreign forward currency exchange contracts. ** Of which 16.8% is invested in US$ denominated bonds issued by foreign issuers. As of January 31, 2008, the Fund's net assets, including US$30 millionin preferred stock, amounted to US$155.3 million with a net asset value pershare of common stock of US$13.51. As of January 31, 2008, 71.9% of the portfolio was invested insecurities where either the issue or the issuer was rated "A" or better, orjudged by the Investment Manager to be of equivalent quality. The creditquality and maturity breakdown of the portfolio was as follows:
Credit Quality (%) AAA/Aaa AA/Aa A BBB/Baa BB/Ba B 45.0 14.8 12.1 8.0 14.7 5.4 Maturity (%) <3 Years 3-5 Years 5-10 Years >10 Years 26.6 18.3 36.5 18.6 As of January 31, 2008, the average maturity of the portfolio was 7.9years. The Fund has outstanding $30 million of auction market preferred stock("AMPS") which, depending upon market conditions, may have a positiveimpact on the net asset value attributable to the holders of the Fund'scommon stock. The AMPS are used with the intent of enhancing returns byborrowing at U.S. interest rates and investing the proceeds in relativelyhigher yielding global fixed-income securities. In order to minimize theimpact of fluctuations in U.S. interest rates on the costs associated withthe AMPS, the Fund has entered into an interest rate swap agreement,enabling the Fund to lock in fixed interest rates for 40% of theoutstanding AMPS. Details regarding this interest rate swap agreement arecontained in the Fund's annual report to shareholders. There can be no assurance that the Fund will have an interest rate swapin place at any given time nor can there be any assurance that, if aninterest rate swap is in place, it will be successful in hedging the Fund'sinterest rate risk with respect to the AMPS. The implementation of thisstrategy is at the discretion of the AMPS Hedging Committee of the Fund'sBoard of Directors. Important Information Aberdeen Asset Management Inc., the Fund's Administrator, has preparedthis report based on information sources believed to be accurate andreliable. However, the figures are unaudited and neither the Fund, theAdministrator, Aberdeen Asset Management Asia Limited (the InvestmentManager), Aberdeen Asset Management Limited (the Investment Adviser), norany other person guarantees their accuracy. Investors should seek their ownprofessional advice and should consider the investment objectives, risks,charges and expenses before acting on this information. Total return figures with distributions reinvested at the dividendreinvestment price are stated net-of-fees and represents past performance.Past performance is not indicative of future results, current performancemay be higher or lower. Inception date March 12, 1992.
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Aberdeen Global Income Fund, Inc. Announces Performance Data and Portfolio Composition
March 05, 2008, 10:30 p.m. EST 3 Min Read
