14 Dec 2022 14:15
abrdn Latin American Income Fund Limited (the "Company")
Legal Entity Identifier (LEI): 549300DN623WEGE2MY04
14 December 2022
First Interim Dividend
The Board of abrdn Latin American Income Fund Limited (the "Company") is pleased to declare a first interim dividend of 0.875p per Ordinary share (2022: 0.875p) in respect of the year ending 31 August 2023 payable on 27 January 2023 to Ordinary shareholders on the register at close of business on 6 January 2023 (ex-dividend date 5 January 2023).
The current level of dividend has been maintained and is currently covered by earnings despite the difficult global economic backdrop. The Board has previously stated that the payment of a sustainable and covered dividend may necessitate a lower dividend payment in future years. Together with the Manager, the Board continues to analyse the impact on revenues and places great emphasis on exercising prudence, particularly in these uncertain times, to ensure that the robustness of the Company's balance sheet is maintained, and continues to keep its distribution policy under review.
abrdn Capital International Limited
Manager and Company Secretary
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