Asia Pacific Fund press release and dividend announcement.NEW YORK--(BUSINESS WIRE)--December 15, 1995--The Board of Directors of The Asia Pacific Fund, Inc. (NYSE NYSE See: New York Stock Exchange :APB APB See Accounting Principles Board (APB). ), today, declared a distribution totalling $0.04 per share, which consists entirely of ordinary income. The distribution is payable on January 12, 1996 to shareholders of record on December 29, 1995. General Overview The Asia Pacific Fund, Inc. is a diversified diversified (di·verˑ·s , closed-end management investment company whose investment objective is to achieve long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. capital appreciation through investment primarily in equity securities of companies in the Asia Pacific countries. The Fund's Investment Manager is Baring International Investment (Far East) Limited. Additional information on the Fund's assets and performance is contained in the Semi-Annual Report for the year ended September 30, 1995. For further information on the Fund call collect 212/214-1665. CONTACT: The Asia Pacific Fund, Inc. 212/214-1665 |
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