MetLife (NYSE:MET) Investment Management, LLC, has acquired $1 trillion worth of 3.70% Series D Senior Secured Notes due August 10, 2032, from ABRDN Asia-Pacific Income Fund, Inc. (NYSE:FAX). The transaction, dated January 9, 2025, reflects the aggregate principal amount of the notes purchased, as per the recent SEC filing. FAX maintains a strong financial position with a current ratio of 3.88 and an overall "GOOD" financial health score according to InvestingPro analysis.
These securities are held directly by clients for whom MetLife serves as an investment manager. The company disclaims beneficial ownership of the securities, except to the extent of its pecuniary interest. Notably, FAX offers a substantial 13.19% dividend yield and has maintained dividend payments for 39 consecutive years. The filing was signed by Israel Grafstein, Chief Compliance Officer of MetLife Investment Management. InvestingPro subscribers can access additional insights and metrics about FAX's financial performance and stability.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.