Aberdeen Global Income Fund, Inc. Announces Performance Data And Portfolio Composition

PHILADELPHIA, July 24, 2017 /PRNewswire/ -- Aberdeen Global Income Fund, Inc. (the "Fund") (NYSE MKT: FCO), a closed-end bond fund, announced today its performance data and portfolio composition as of June 30, 2017.

The Fund's total returns for various periods through June 30, 2017 are provided below.  (All figures are based on distributions reinvested at the dividend reinvestment price, and are stated net-of-fees):

The Fund's returns, which are denominated in U.S. dollars, are affected by the performance of the U.S. dollar against the various currencies listed below.

As of June 30, 2017, the portfolio was invested as follows:

*Of which 62.2% is invested in US$ denominated bonds issued by foreign issuers.
**Europe is comprised of: Eastern Europe 9.3% and Western Europe 4.8%.

As of June 30, 2017, the top ten holdings of the portfolio based on total assets were as follows:

As of June 30, 2017 the holdings of the portfolio represented approximately 45.2% sovereign and state government securities, 51.3% corporates, 0.3% supranationals and 3.2% cash. 

As of June 30, 2017 the holdings of the portfolio represented approximately 56.4% invested in Developed Markets, 18.7% in Investment Grade Developing Markets and 24.9% in Sub-Investment Grade Developing Markets.  Developed Markets are those countries contained in the Citigroup World Government Bond Index, New Zealand, Luxembourg and the Hong Kong Special Administrative Region.  Investment Grade Developing Markets are those countries whose sovereign debt is rated not less than Baa3 by Moody's Investors Services Inc. ("Moody's") or BBB- by Standard & Poor's ("S&P") or comparably rated by another appropriate nationally or internationally recognized ratings agency.  Sub-Investment Grade Developing Markets are those countries that are not Developed Markets or Investment Grade Developing Markets.

As of June 30, 2017, the Fund's net assets, including US$31.5 million in bank borrowing, amounted to US$111.6 million with a net asset value per share of common stock of US$9.18.

As of June 30, 2017, 19.0% of the portfolio was invested in securities where either the issue or the issuer was rated "A" or better by multiple rating agencies.  The credit quality and maturity breakdown of the portfolio was as follows:

As of June 30, 2017, the average maturity of the portfolio was 8.5 years.

The Fund has in place leverage in the form of a loan facility.  The outstanding balance on the loan as of June 30, 2017 is US$31,500,000, which represents no change from the previous month.

The leverage is used with the intent of enhancing returns by borrowing at interest rates that are lower than the relatively higher yields of the emerging market fixed income securities in which the Fund invests.  The Fund has entered into interest rate swap agreements in order to fix the interest payable on a portion of the bank loan facility.  Details regarding the revolving credit loan facility and the interest rate swap agreements are contained in the Fund's annual and semi-annual reports to shareholders. 

Important Information
Aberdeen Asset Management Inc., the Fund's Administrator, has prepared this report based on information sources believed to be accurate and reliable.  However, the figures are unaudited and neither the Fund, the Administrator, Aberdeen Asset Management Asia Limited (the Investment Manager), Aberdeen Asset Management Limited (the Investment Adviser), Aberdeen Asset Managers Limited (the Sub-Adviser), nor any other person guarantees their accuracy.  Investors should seek their own professional advice and should consider the investment objectives, risks, charges and expenses before acting on this information. 

Aberdeen Asset Management Asia Limited (the "Investment Manager"), Aberdeen Asset Management Limited (the "Investment Adviser"), Aberdeen Asset Managers Limited (the "Sub-Adviser") and Aberdeen Asset Management Inc. (the "Administrator") are each a subsidiary of Aberdeen Asset Management PLC ("Aberdeen PLC").  On March 6, 2017, the Boards of Standard Life plc and Aberdeen PLC announced that they had reached an agreement on the terms of a merger ("Merger"). The Boards of each of Standard Life plc and Aberdeen PLC believe that the Merger has a compelling strategic and financial rationale through combining complementary strengths to create a world-class investment group. The Merger is expected to occur in the third quarter of 2017, subject to various conditions and terms, including regulatory approvals. The portfolio management team for the Fund is not expected to change as a result of the Merger.  In addition, the agreements that the Fund has with Aberdeen PLC's subsidiary companies, the services provided by such companies, and the fees charged for those services are not expected to change as a result of the Merger.

Closed-end funds are traded on the secondary market through one of the stock exchanges. The Fund's investment return and principal value will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund's portfolio. There is no assurance that the Fund will achieve its investment objective.

Total return figures with distributions reinvested at the dividend reinvestment price are stated net-of-fees and represents past performance.  Past performance is not indicative of future results, current performance may be higher or lower.  Holdings are subject to change and are provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities shown.  Inception date March 12, 1992.

If you wish to receive this information electronically, please contact InvestorRelations@aberdeen-asset.com.

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SOURCE Aberdeen Global Income Fund, Inc.