The Asia Tigers Fund, Inc. Announces Final Results Of Semi-Annual Repurchase Offer

Jan 22, 2013, 09:08 ET from The Asia Tigers Fund, Inc.

PHILADELPHIA, Jan. 22, 2013 /PRNewswire/ -- The Asia Tigers Fund, Inc. (NYSE: GRR; the "Fund") announced today the final results of the Fund's semi-annual repurchase offer for shares of its common stock.  The repurchase offer and withdrawal rights expired on Friday, January 11, 2013.  The Fund offered to repurchase up to 5% of the outstanding shares of its common stock for cash at a price approximately equal to net asset value as of January 18, 2013. 

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As of January 11, 2013, 3,574,105.0945 Fund shares were outstanding.  Approximately 822,211 shares were validly tendered and not withdrawn prior to the expiration of the Fund's repurchase offer.  The repurchase amount of 5% of Fund shares represents approximately 178,705 shares outstanding.  The final pro-ration calculations resulted in 91,461 odd lot shares and 730,750 non-odd lot shares validly tendered.  Under final pro-ration, 11.94% of the non-odd lot shares tendered were accepted for payment.  The shares accepted for tender will receive cash at a repurchase offer price of $13.3280, which is equal to the Fund's net asset value per share of $13.60 as of January 18, 2013, less a repurchase fee of $0.2720 per share.  Cash payment for the repurchased shares will be issued on or before January 25, 2013.  All shares tendered and not repurchased by the Fund will be returned to stockholders as promptly as practicable.  After the repurchase offer, the Fund will have approximately 3,395,400.0945 shares outstanding.

The Fund 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 NYSE under the trading symbol "GRR."  Aberdeen Asset Management Asia Limited serves as the Investment Manager to the Fund.  The Investment Manager is an affiliate of Aberdeen Asset Management PLC.

Information on the Fund can be obtained on the Aberdeen website ( or by calling the Fund's toll-free phone number at 1-866-839-5205.

Important Information 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. Past performance does not guarantee future results.

International investing entails special risk considerations, including currency fluctuations, lower liquidity, economic and political risks, and differences in accounting methods; these risks are generally heightened for emerging market investments.

Aberdeen Asset Management is the marketing name in the U.S. for the following affiliated, registered investment advisers: Aberdeen Asset Management Inc., Aberdeen Asset Managers Limited, Aberdeen Asset Management Ltd. and Aberdeen Asset Management Asia Limited (collectively, the "Aberdeen Advisers"). Each of the Aberdeen Advisers is wholly owned by Aberdeen Asset Management PLC. "Aberdeen" is a U.S. registered service mark of Aberdeen Asset Management PLC.

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SOURCE The Asia Tigers Fund, Inc.