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

Jan 27, 2014, 09:21 ET from The Asia Tigers Fund, Inc.

PHILADELPHIA, Jan. 27, 2014 /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 17, 2014.  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 24, 2014. 

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As of Friday, January 17, 2014, 3,789,331 Fund shares were outstanding.  Approximately 1,274,284 shares were validly tendered and not withdrawn prior to the expiration of the Fund's repurchase offer.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 189,467 shares outstanding.  Under final pro-ration, 14.87% of the shares tendered were accepted for payment.  The shares accepted for tender will receive cash at a repurchase offer price of $11.829, which is equal to the Fund's net asset value per share of $12.07 as of January 24, 2014, less a repurchase fee of $0.241 per share.  Cash payment for the repurchased shares will be issued on or before January 31, 2014.  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 3,599,864 shares outstanding.

On November 18, 2013, the Fund announced that the Board approved the elimination of the Fund's interval structure, subject to stockholder approval.  Stockholders have been asked to vote for the elimination of the Fund's interval structure at a Special Meeting of stockholders to be held on February 3, 2014.  Stockholders are advised to read the proxy statement filed by the Fund on December 11, 2013 with the Securities and Exchange Commission ("SEC") and other documents relating to the solicitation of proxies by the Fund for additional information.  The proxy statement and other documents filed by the Fund are available free of charge at the SEC's website, Stockholders can also obtain copies of these documents, free of charge, by contacting Aberdeen Asset Management, Inc., 1735 Market Street, 32nd Floor, Philadelphia, PA 19103, by calling 1-866-839-5205 toll-free or on the Internet at  

The Fund is a closed-end management investment company and its investment objective is long-term capital appreciation, which it seeks to achieve 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.

This press release may contain statements regarding plans and expectations for the future that constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking and can be identified by the use of words such as "may," "will," "expect," "anticipate," "estimate," "believe," "continue" or other similar words. Such forward-looking statements are based on the Fund's current plans and expectations, and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Additional information concerning such risks and uncertainties are contained in the Fund's filings with the Securities and Exchange Commission.

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 Limited 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.