SEC Form 4 · accession 0001104659-18-029373
abrdn Emerging Markets ex-China Fund, Inc. · AEF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Cattano
Director
Period of report
Apr 27, 2018
Accepted (ET)
May 1, 2018 · 4:27 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000846676
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 27, 2018 | J | 16,067 | — | A | 35,553 | D | |
| Common StockF2 | Apr 27, 2018 | J | 13,414 | — | A | 48,967 | D | |
| Common StockF2 | Apr 27, 2018 | J | 8,939 | — | A | 57,906 | D | |
| Common StockF4 | Apr 27, 2018 | J | 24,172 | — | A | 82,078 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Effective as of April 27, 2018, the Aberdeen Emerging Markets Smaller Company Opportunities Fund, Inc. (the "Target Fund") was reorganized into the Aberdeen Emerging Markets Equity Income Fund, Inc., formerly, Aberdeen Chile Fund, Inc. (the "Acquiring Fund," and such reorganization, the "Reorganization"). Common shareholders of the Target Fund received common shares of the Acquiring Fund having a value equal to the aggregate NAV of the Target Fund common shares surrendered as determined at the close of business on April 27, 2018, less the costs of the Reorganization (although cash was distributed for any fractional shares). As of April 27, 2018, the Target Fund reported a NAV per share of $15.6741 and the Acquiring Fund reported a NAV per share of $9.6662. The conversion ratio for the Target Fund's common shares was 1.6215. The Reporting Person received 16,067.00 common shares of the Acquiring Fund in exchange for his 9,908.792 common shares of the Target Fund.
- F2Effective as of April 27, 2018, the Aberdeen Israel Fund, Inc. (the "Target Fund") was reorganized into the Aberdeen Emerging Markets Equity Income Fund, Inc., formerly, Aberdeen Chile Fund, Inc. (the "Acquiring Fund," and such reorganization, the "Reorganization"). Common shareholders of the Target Fund received common shares of the Acquiring Fund having a value equal to the aggregate NAV of the Target Fund common shares surrendered as determined at the close of business on April 27, 2018, less the costs of the Reorganization (although cash was distributed for any fractional shares). As of April 27, 2018, the Target Fund reported a NAV per share of $19.9425 and the Acquiring Fund reported a NAV per share of $9.6662. The conversion ratio for the Target Fund's common shares was 2.0631. The Reporting Person received 13,414.00 common shares of the Acquiring Fund in exchange for his 6,501.9565 common shares of the Target Fund.
- F3Effective as of April 27, 2018, the Aberdeen Indonesia Fund, Inc. (the "Target Fund") was reorganized into the Aberdeen Emerging Markets Equity Income Fund, Inc., formerly, Aberdeen Chile Fund, Inc. (the "Acquiring Fund," and such reorganization, the "Reorganization"). Common shareholders of the Target Fund received common shares of the Acquiring Fund having a value equal to the aggregate NAV of the Target Fund common shares surrendered as determined at the close of business on April 27, 2018, less the costs of the Reorganization (although cash was distributed for any fractional shares). As of April 27, 2018, the Target Fund reported a NAV per share of $7.5631 and the Acquiring Fund reported a NAV per share of $9.6662. The conversion ratio for the Target Fund's common shares was 0.7824. The Reporting Person received 8,939.00 common shares of the Acquiring Fund in exchange for his 11,426.0122 common shares of the Target Fund.
- F4Effective as of April 27, 2018, the Aberdeen Latin America Equity Fund, Inc. (the "Target Fund") was reorganized into the Aberdeen Emerging Markets Equity Income Fund, Inc., formerly, Aberdeen Chile Fund, Inc. (the "Acquiring Fund," and such reorganization, the "Reorganization"). Common shareholders of the Target Fund received common shares of the Acquiring Fund having a value equal to the aggregate NAV of the Target Fund common shares surrendered as determined at the close of business on April 27, 2018, less the costs of the Reorganization (although cash was distributed for any fractional shares). As of April 27, 2018, the Target Fund reported a NAV per share of $28.2129 and the Acquiring Fund reported a NAV per share of $9.6662. The conversion ratio for the Target Fund's common shares was 2.9187. The Reporting Person received 24,172.00 common shares of the Acquiring Fund in exchange for his 8,281.8994 common shares of the Target Fund.