Abrdn Asia-Pacific Income Fund VCC (T:FAP)
Business Focus: Closed End Funds
| This company is also listed in the United States as FAX on the AMEX. Click here to get the live US quote and see if there are any SEC insider filings.. |
| Sector: Financials | Industry: Closed End Funds |
| Company Contact | |
| Address: | 1st Floor, BCI House, Avarua RAROTONGA |
| Tel: | N/A |
| Website: | https://www.abrdn.com/en-ca/canadaclosedend |
| IR: | See website |
| Key People | ||
| Andrea L. Melia Chief Financial Officer, Treasurer | Adam Mccabe Vice President | Joseph B. Andolina Chief Compliance Officer |
| Megan Kennedy Vice President, Joint Secretary | Jennifer A. Nichols Vice President, Director | Kenneth Akintewe Vice President |
| Mark Baker Vice President | Christopher Demetriou Vice President | Alan R. Goodson Vice President | Beverly Hendry Vice President |
| Business Overview |
| abrdn Asia-Pacific Income Fund VCC is a Singapore-based closed-end investment company. The investment objective of the Company is to obtain current income and achieve incidental capital appreciation from investment in long-term debt securities. The Company seeks to obtain these objectives primarily from investment in long-term debt securities. The Company also invests up to 100% of its total assets in Asia-Pacific debt securities. The Company's investment portfolio is present in countries which include India, Indonesia, China, Australia, Malaysia, Pakistan, United Kingdom, Mexico, Ukraine, Thailand, United Arab Emirates, Uruguay, Egypt, Bahrain, South Africa, Nigeria, Brazil, Philippines, Mongolia, Kuwait, United States and Oman, among others. The investment manager of the Company is abrdn Asia Limited. |
| Financial Overview |
| For the six months ended 30 April 2023, abrdn Asia-Pacific Income Fund VCC revenues decreased 9% to C$7M. Net income totaled C$17.2M vs. loss of C$9.9M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net Income reflects Change in unrealised appreciation/(depre increase from C$8.2M (expense) to C$17M (income). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $160.99M as of Apr 30, 2023 |
| Annual revenue (TTM): | $13.84M as of Apr 30, 2023 |
| EBITDA (TTM): | $10.66M as of Apr 30, 2023 |
| Net annual income (TTM): | $1.96M as of Apr 30, 2023 |
| Free cash flow (TTM): | $22.34M as of Apr 30, 2023 |
| Net Debt Last Fiscal Year: | $43.79M as of Apr 30, 2023 |
| Shares outstanding: | 41,103,165 as of Feb 9, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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