abrdn Emerging Markets Eqty Incm Fd Inc (A:AEF)
Business Focus: Closed End Funds
| Sector: Financials | Industry: Closed End Funds |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1900 MARKET STREET, SUITE 200 PHILADELPHIA PA 19103 |
| Tel: | N/A |
| Website: | https://www.abrdnaef.com |
| IR: | See website |
| Key People | ||
| Christian A. J. Pittard President, Chief Executive Officer | Joanne C. Irvine Vice President | Sharon Ferrari Chief Financial Officer, Treasurer |
| Joseph B. Andolina Chief Compliance Officer, Vice President - Compliance | Megan Kennedy Vice President, Secretary | Katherine Corey Vice President |
| Christopher Demetriou Vice President | Alan R. Goodson Vice President | Heather Hasson Vice President | Robert Hepp Vice President |
| Business Overview |
| abrdn Emerging Markets Equity Income Fund, Inc. (the Fund) is a non-diversified closed-end, management investment company. The Fund's investment objective is to seek to provide both current income and long-term capital appreciation. The Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in emerging markets equity securities. The Fund invests in a range of sectors, including information technology, financials, consumer discretionary, materials, industrials, communication services, energy, consumer staples, utilities, real estate, health care, private equity, and short-term investment. The Fund's investment adviser is abrdn Investments Limited. abrdn Investments Limited is an indirect, wholly owned subsidiary of abrdn plc. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, abrdn Emerging Markets Eqty Incm Fd Inc revenues decreased 15% to $9.9M. Net income totaled $29.1M vs. loss of $126.1M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net Income reflects Unrealized G/L on Investment Securities increase from $111M (expense) to $41.1M (income). |
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