Aberdeen Asia-Pacific Income Fund, Inc. (the “Fund”) (NYSE AMEX: FAX), a closed-end bond fund, announced today its performance data and portfolio composition as of July 31, 2011.

The Fund’s total returns for various periods through July 31, 2011 are provided below. (All figures are based on distributions reinvested at the dividend reinvestment price and are stated net-of-fees):
         
Period   NAV Total Return %   Market Price Total Return %
    Cumulative   Annualized   Cumulative   Annualized
Since Inception        
(April 1986)   962.3   9.8   936.5   9.7
10-years   264.1   13.8   298.8   14.8
5-years   75.2   11.9   81.2   12.6
3-years   44.7   13.1   58.6   16.6
1-year   22.5   25.6
 

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 July 31, 2011, the portfolio was invested as follows:

         
    Currency Exposure %   Geographic Exposure %
Australia   47.2   44.9
New Zealand   0.2   0.2
         
Canada   -   0.1
United States*   33.2   1.8
         
United Kingdom   -   0.9
Norway   -   0.4
Switzerland   -   0.1
Germany   -   0.4
Netherlands   -   0.1
France   -   0.1
Spain   -   0.2
         
South Korea   1.7   9.7
Philippines   1.9   5.5
Malaysia   2.9   5.4
Singapore   2.5   2.5
Thailand   0.9   3.9
Hong Kong   0.3   6.2
Indonesia   2.1   5.3
China   6.0   7.1
India   1.1   5.1
Sri Lanka   -   0.1
* Of which 34.0% invested in US$ denominated bonds issued by foreign issuers.
 

As of July 31, 2011, the top ten holdings of the portfolio based on total assets were as follows:
         
Holding   Coupon / Maturity   (%)
Australia Government Bond   4.75%, 11/15/2012   7.3
Treasury Corporation of Victoria   5.75%, 11/15/2016   5.7
Australia Government Bond   5.75%, 07/15/2022   3.5
Queensland Treasury Corporation   6.00%, 06/14/2021   2.6
Australia Government Bond   5.50%, 01/21/2018   2.4
Australia Government Bond   6.50%, 05/15/2013   1.4
Queensland Treasury Corporation   6.25%, 02/21/2020   1.4
Australia Government Bond   4.50%, 10/21/2014   1.4
India Government   7.02%, 08/17/2016   1.4
St. George Bank Limited   10.00%, 05/09/2018   1.3
TOTAL       28.4
   

As of July 31, 2011 the holdings of the portfolio represented approximately 56.2% sovereign and state government securities, 3.5% supranationals, 37.8% corporates, 1.5% cash and 1.0% mortgage backed securities.

As of July 31, 2011, the Fund’s net assets, including $600 million in bank borrowing, amounted to US$2,639.8 million with a net asset value per share of US$7.82.

As of July 31, 2011, 66.7% of the portfolio was invested in securities where either the issue or the issuer was rated “A” or better, or judged by the Investment Manager to be of equivalent quality. The credit quality and maturity breakdown of the portfolio was as follows:
 
Credit Quality (%)
AAA/Aaa   AA/Aa   A   BBB/Baa   BB/Ba   B
37.2   8.6   20.9   12.6   19.0   1.7
         
 
Maturity (%)
<3 Years   3-5 Years   5-10 Years   >10 Years
23.7   19.8   39.8   16.7
     

As of July 31, 2011, the average maturity of the portfolio was 7.0 years.

The Fund has in place leverage in the form of a syndicated loan facility that renews annually. The outstanding balance on the loan as of July 31, 2011 is $600,000,000 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 an aggregate notional amount of $540.0 million, which represents 90.0% 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 Management Investment Services 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 is a U.S. registered service mark of Aberdeen Asset Management PLC.

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 a fund will achieve its investment objective. Past performance does not guarantee future results.

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 April 25, 1986.

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

Copyright Business Wire 2010

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