PHILADELPHIA, July 29, 2014 /PRNewswire/ -- Aberdeen Emerging Markets Smaller Company Opportunities Fund, Inc. (NYSE MKT: ETF), a closed-end equity fund, today announced that it paid a distribution of $0.007 per share on July 29, 2014 to all shareholders of record at the close of business on July 21, 2014. This distribution is comprised of $0.0007 per share of net investment income and $0.0063 per share of long-term capital gains.

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Under U.S. tax rules applicable to the Aberdeen Emerging Markets Smaller Company Opportunities Fund, Inc. (the "Fund"), the amount and character of distributable income for each fiscal year can be finally determined only as of the end of the Fund's fiscal year. However, under Section 19 of the Investment Company Act of 1940, as amended (the "1940 Act") and related Rules, the Fund may be required to indicate to shareholders the source of certain distributions to shareholders.

The following table sets forth the estimated amounts of the sources of the distribution for purposes of Section 19 of the 1940 Act and the Rules adopted thereunder. The table has been computed based on generally accepted accounting principles. The table includes estimated amounts and percentages for this distribution and for the cumulative distributions paid relating to fiscal year to date (11/01/2013 - 06/30/2014) from the following sources: net investment income; net realized short-term capital gains; net realized long-term capital gains; and return of capital. 



                   Estimated Amounts of Current Estimated Amounts of Current  Estimated Amounts of Fiscal    Estimated Amounts of Fiscal
                           Distribution                 Distribution            Year to Date Cumulative        Year to Date Cumulative
                                                                                     Distributions                  Distributions

                          per share ($)                per share (%)               per share ($)                  per share (%)
                           ------------                 ------------                 ------------                   ------------

    Net Investment
     Income                            $0.00070                           10%                      $0.17392                              3%
    --------------                     --------                           ---                       --------                             ---

    Net Realized
     Short-Term
     Capital Gains                            -                            -                      $0.17209                              3%
    --------------                          ---                          ---                      --------                             ---

    Net Realized
     Long-Term
     Capital Gains                     $0.00630                           90%                      $5.68715                             94%
    --------------                     --------                           ---                       --------                             ---

    Return of
     Capital                                  -                            -                             -                              -
    ---------                               ---                          ---                           ---                            ---

    Total                              $0.00700                          100%                      $6.03316                            100%
    -----                              --------                           ---                       --------                             ---

As of June 30, 2014, after giving effect to this payment, the Fund has a net deficit of $9,722,000. A net deficit results when the Fund has net unrealized losses that are in excess of any net realized gains that have not yet been distributed.

The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of the fiscal year and may be subject to change based on tax regulations. The final determination of the source of all distributions for 2014 will be presented in a Form 1099-DIV for the calendar year, which will be sent to you and will tell you how to report these distributions for federal income tax purposes.

Circular 230 disclosure: To ensure compliance with requirements imposed by the U.S. Treasury, we inform you that any U.S. tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.

Closed-end funds are traded on the secondary market through one of the stock exchanges. The 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 a fund will achieve its investment objective. Past performance does not guarantee future results. Investing in Funds involves risk, including loss of principle.

If you wish to receive this information electronically, please contact: InvestorRelations@aberdeen-asset.com

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SOURCE Aberdeen Emerging Markets Smaller Company Opportunities Fund, Inc.