Aberdeen Asia-Pacific Income Fund, Inc. Renews Syndicated Loan Facility

Share Name	Share Symbol	Market	Type
abrdn Global Income Fund Inc	AMEX:FCO	AMEX	Common Stock

Share Name

Share Symbol

Market

Type

abrdn Global Income Fund Inc

AMEX:FCO

AMEX

Common Stock

	Price Change	% Change	Share Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.0897	1.49%	6.0997	6.0794	6.00	6.00	68,305	00:00:00

Price Change

% Change

Share Price

High Price

Low Price

Open Price

Shares Traded

Last Trade

0.0897

1.49%

6.0997

6.0794

6.00

68,305

00:00:00

Aberdeen Asia-Pacific Income Fund, Inc. Renews Syndicated Loan Facility

16/04/2009 9:30pm

PR Newswire (US)

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PHILADELPHIA, April 16 /PRNewswire-FirstCall/ -- Aberdeen Asia-Pacific Income Fund, Inc. (NYSE AMEX: FAX) (the "Fund"), a $1.8 billion closed-end fixed income fund, today announced that it has renewed its $600 million credit facility with a syndicate of major financial institutions led by Scotia Capital. Scotia Capital represents the global corporate and investment banking and capital markets businesses of The Bank of Nova Scotia ("Scotiabank"), an Aa1/AA- rated financial institution. In response to the auction-rate share crisis in 2008, the Fund and its affiliated fund, the Aberdeen Global Income Fund (NYSE AMEX: FCO), were the first in the closed-end fund sector to announce the redemption, at par, of all the issued and outstanding shares of their Auction Market Preferred Stock (the "AMPS"), and their replacement with debt financing. This renewal marks the continuation of the Fund's leverage capabilities. "We are very pleased that, despite the extremely challenging market conditions, we were able to successfully collaborate with Scotia Capital and other major financial institutions to renew the credit facility," said Christian Pittard, President of the Fund. The Fund is managed by Aberdeen Asset Management Asia Limited and advised by Aberdeen Asset Management Limited. Each are a wholly-owned subsidiary of Aberdeen Asset Management PLC, a global investment management group, managing more than $158 billion of assets for both institutions and private individuals as of December 31, 2008. We know global markets from the local level, drawing on more than 1,700 employees across 24 offices in 20 countries. Our mission is to deliver superior asset management services across diverse asset classes in which we believe we have a sustainable competitive edge -- namely, equities, fixed income and property. The U.S. affiliate, Aberdeen Asset Management Inc, (Philadelphia, PA), includes fixed income and U.S. equity teams that manage over $33 billion of domestic investments as of December 31, 2008. About Scotiabank: Scotiabank is one of North America's premier financial institutions and Canada's most international bank with assets in excess of C$509bn as of January 31, 2009. Through our team of 69,000 employees, Scotiabank and its affiliates offer a broad range of products and services, including personal, commercial, corporate and investment banking, to more than 12.5 million customers in some 50 countries around the world. For more information, please visit http://www.aberdeeninvestments.com/. DATASOURCE: Aberdeen Asia-Pacific Income Fund, Inc. CONTACT: Katie Cowley, Media Relations, +1-610-238-3652, , or Investor Relations, +1-800-522-5465, Web Site: http://www.aberdeeninvestments.com/

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FCO abrdn Global Income Fund Inc