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Tue, January 24, 2012Mon, January 23, 2012Sun, January 22, 2012Fri, January 20, 2012Thu, January 19, 2012Wed, January 18, 2012Tue, January 17, 2012The Asia Tigers Fund, Inc. Appointment of Director
Published in Business and Finance on Thursday, January 19th 2012 at 13:35 GMT by Market Wire
The Asia Tigers Fund, Inc. Appointment of Director -- PHILADELPHIA, Jan. 19, 2012 /PRNewswire/ --
The Asia Tigers Fund, Inc. Appointment of Director
PHILADELPHIA, Jan. 19, 2012 /PRNewswire/ -- [ The Asia Tigers Fund, Inc. (the "Fund") ] (NYSE: [ GRR ]) announced the appointment of Martin Gilbert as a Director of the Fund, effective January 11, 2012. Mr. Gilbert is a representative of Aberdeen Asset Management Asia Limited ("AAMAL"), the Fund's investment adviser, and is an "interested person" of the Fund, as defined in the Investment Company Act of 1940. The new appointment follows the transfer of investment management services from Blackstone Asia Advisors L.L.C. ("BAA"), the Fund's previous investment manager, to AAMAL, and the resulting resignation from the Board of Prakash A. Melwani, who was an interested Director and an affiliate of BAA.
The Asia Tigers Fund, Inc. is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in equity securities of Asian companies. The Fund conducts semi-annual repurchase offers and is traded on the New York Stock Exchange under the trading symbol "GRR".
Information on the Fund can be obtained on the Fund's website at [ www.aberdeengrr.com ] or by calling the Fund's toll-free phone number at 1-866-839-5205.
Important Information
Closed-end funds have a one-time initial public offering and then are subsequently traded on the secondary market through one of the stock exchanges. The 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. Past performance does not guarantee future results.
If you wish to receive this information electronically, please contact: [ InvestorRelations@aberdeen-asset.com ]
SOURCE The Asia Tigers Fund, Inc.
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