PHILADELPHIA, March 28, 2017 /PRNewswire/ -- Aberdeen Singapore Fund, Inc. (the "Fund") (NYSE: SGF), a closed-end equity fund, announced today Martin Gruber has resigned as a Director of the Fund. Mr. Gruber served on the Fund as both a Director and member of the Audit Committee since 2000.
The Board would like to extend their sincere gratitude to Mr. Gruber and acknowledge the invaluable contribution he has made to the Fund during his tenure and wish him the best of success in all his future endeavors.
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.
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SOURCE Aberdeen Singapore Fund, Inc.