1607 Capital Partners Updates ABRDN EM Equity Fund Stake

TL;DR

**1607 Capital Partners just updated their stake in ABRDN Emerging Markets Equity Income Fund.**

AI Summary

1607 Capital Partners, LLC filed an amended SC 13G/A on February 8, 2024, indicating their ownership in ABRDN EMERGING MARKETS EQUITY INCOME FUND, INC. (formerly Aberdeen Emerging Markets Equity Income Fund, Inc.) as of December 31, 2023. This filing updates previous disclosures, signaling a potential change in their stake or a reaffirmation of their position. For investors, this matters because 1607 Capital Partners, LLC is a significant institutional investor, and their actions can influence market sentiment and the stock's perceived value.

Why It Matters

This filing shows an institutional investor's current position, which can signal confidence or concern about the fund's future performance and potentially impact its stock price.

Risk Assessment

Risk Level: low — This is a routine update from an institutional investor and doesn't inherently signal high risk, though changes in ownership can influence sentiment.

Analyst Insight

Investors should monitor future filings from 1607 Capital Partners, LLC for any significant changes in their ownership percentage, as this could indicate a shift in their investment thesis for ABRDN EMERGING MARKETS EQUITY INCOME FUND, INC.

Key Numbers

• 00301W105 — CUSIP Number (Identifies the specific securities of ABRDN EMERGING MARKETS EQUITY INCOME FUND, INC.)
• 5 — Amendment Number (Indicates this is the fifth amendment to a previous Schedule 13G filing by 1607 Capital Partners, LLC.)

Key Players & Entities

• 1607 Capital Partners, LLC (company) — the reporting person filing the SC 13G/A
• ABRDN EMERGING MARKETS EQUITY INCOME FUND, INC. (company) — the subject company (issuer) of the securities
• December 31, 2023 (date) — the date of the event requiring the filing
• February 8, 2024 (date) — the filing date of the SC 13G/A
• $0.001 (dollar_amount) — par value per share of Common Stock

Forward-Looking Statements

• 1607 Capital Partners, LLC will maintain a significant stake in ABRDN EMERGING MARKETS EQUITY INCOME FUND, INC. throughout 2024. (1607 Capital Partners, LLC) — medium confidence, target: 2024-12-31

FAQ

Key Financial Figures

• $0.001 — me of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securiti

Filing Documents

• aef-123123a5.htm (SC 13G/A) — 51KB
• 0001172661-24-000553.txt ( ) — 53KB

(a)Name of Issuer

Item 1. (a)Name of Issuer Aberdeen Emerging Markets Equity Income Fund, Inc. (b)Address of Issuer’s Principal Executive Offices 1900 Market Street, Suite 200 Philadelphia, PA 19103

(a)Name of Person Filing

Item 2. (a)Name of Person Filing 1607 Capital Partners, LLC (b)Address of Principal Business Office, or, if none, Residence 13 S. 13th Street, Suite 400 Richmond, Virginia 23219 (c)Citizenship Please refer to Item 4 on each cover sheet for each filing person (d)Title of Class of Securities Common Stock, par value $0.001 per share (e) CUSIP No.: 00301W105 CUSIP No. 00301W105 SCHEDULE 13G/A Page 4 of 6 Pages

If

Item 3.If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) x An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: CUSIP No. 00301W105 SCHEDULE 13G/A Page 5 of 6 Pages Item 4.Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 3,685,080 (b) Percent of class: 7.3% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 3,685,080 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 3,685,080 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5.Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof t

View Full Filing

View this SC 13G/A filing on SEC EDGAR