Aberdeen Latin American Income Fund

Aberdeen has published the prospectus in preparation for the launch of the first UK-listed Latin American closed-end fund with an income bias - the Aberdeen Latin American Income Fund.

A sister to the successful Aberdeen Asian Income Fund Limited, the new Fund has a simple capital structure and offers a unique opportunity to investors looking overseas to diversify their sources of income and capital exposure. The initial target for the dividend yield is 4.25%, with the aim of growing dividends over time. Dividends will be paid quarterly.

Investors have until 5:00pm on Friday, 30 July to subscribe for shares in the Jersey-domiciled Fund which will commence trading on the London Stock Exchange at 8:00am on Monday, 16 August. The Fund is eligible for ISAs, SIPPs and SSASs.

The Fund will be jointly managed by Aberdeen's highly regarded emerging market equity and debt teams led by Devan Kaloo and Brett Diment respectively, based in Aberdeen's London office. Initially the portfolio blend will be approximately 60% invested in listed equities and the balance invested in sovereign bonds. The equities will be focused on growth-orientated stocks, with the bonds expected to provide much of the income. The blended portfolio approach will allow the asset allocation to be modified in response to changing economic circumstances.