Low calorie wines and hard seltzers are big sellers, but are they healthy?
FitVine and Cense wines and hard seltzers are marketed as healthy alternatives to higher-calorie traditional wines and light beer. In MetroWest and the Milford area sales are brisk to health conscious consumers.
Walk into just about any package store these days, and you will see some wines marketed as a better alternative for those who are health conscious.
They are stacked in slick displays that mention fewer calories, sugar, and alcohol content. Hard seltzers, popularly known as “spiked seltzers,” are another option. These flavored drinks, with just a hint of alcohol, market low, or no carbohydrates, and minimal calories.
The Daily News visited a few local packages stores to get answers to a few questions – are people buying them, are they truly healthy, and are they here to stay?
Finding a market
It’s all about meshing with the actual, or imagined, healthy lifestyle that many consumers strive for. That means occasionally enjoying a hard beverage after a workout at the gym, according to Paul Morganti, who has owned Fifth Avenue Liquors in Framingham for nearly 50 years.
“People are looking for an edge to live a little more healthy,” said Morganti, while standing in front of a display for FitVine, a California winery that produces red and white wines that contain less sugar, fewer sulfites and no flavor additives – and contains about 95 calories in a 5-ounce serving. Several backgrounds pop up on the company’s website, including one that shows a woman dressed in work-out tights, lying on what looks like a yoga mat, reaching for a glass of FitVine. 7th annual Spirit of Hudson: Local brewers say people want beer with less alcohol content
The company is not alone in trying to reach the health-conscious drinker. WW, formerly Weight Watchers, recommends Cense wine as an option to its members, which contains about 85 calories in a 5-ounce serving. The same serving of a traditional wine contains about 125 calories.
In another area of Morganti’s store there is a big display of variety packs of White Claw Hard Seltzer. Each 12-ounce can is 70 calories, with no sugar, no carbs, and 3.7% alcohol per volume.
“People are into (hard seltzers) big-time. They are looking for any way they can to cut calories here or there,” he said.
Why are people buying (or not buying) them?
When 23-year-old Sarah Patry of Newton walked into Lincoln Liquors in Framingham, she made a beeline for the spiked seltzers.
“It’s nicer than feeling sick,” Patry, said, comparing how she feels after drinking something with less alcohol content, compared to a traditional wine or beer. LIST: Wine Spectator’s 2018 Restaurant Awards
Her friend, Christian Longtine, 23 of Framingham, called the high-calorie content in many traditional wines “insane,” but spiked seltzers are not his thing.
“They don’t do anything for me,” Longtine said. “I’d rather have a beer to get a little tipsy.”
How are sales going?
Slow, for FitVine statewide, according to Even Boyd, senior marketing manager at 3X3 Insights, a New York City-based analytics company that serves alcohol retailers, brands and distributors.
Last year, FitVine – which is also sold at Fenway Park – captured approximately 2% of sales in the wine category.
“The company is starting to find its way,” said Boyd, explaining that FitVine is a relatively new player in the market.
Spiked seltzer sales are skyrocketing, Boyd said.
The top three sellers in the state the past 90 days are: White Claw Hard Seltzer, which captured roughly 22% of flavored, malted-beverage sales; Truly Hard Seltzer, made by Boston Beer Company, at 18%; and 5% for Bon & Viv Spiked Seltzer. Polar Beverages, Harpoon enter spiked seltzer market with Arctic Summer
“It’s the wave now,” said Boyd of what he called “sober-curious younger drinkers” that want a lighter beverage, with a little kick, to complement their active lifestyle.
Are they healthy?
Dr. Kimberly Parks, medical director at Synergy Private Health, a lifestyle-based cardiology and internal medicine practice in Chestnut Hill affiliated with Newton-Wellesley Hospital, did not give a definitive answer.
Parks has practiced medicine for 18 years, and mentioned the American College of Cardiology/American Heart Association recommendation of one glass of wine daily for women, two daily for men. The American Cancer Society calls alcohol a carcinogen, Parks said, and recommends zero consumption.
Some studies show health benefits from moderate alcohol consumption, according to Parks, but she added, “We know that alcohol kills.” Some companies are marketing healthier alcoholic beverages because drinking is dangerous, she said.
Parks offered one tip – eat a few grapes or blueberries instead of pulling the cork on a wine bottle or cracking open a can of a hard seltzer, because they give a higher concentration of healthy antioxidants.
Toni DeLuca, the wine director at Julio’s Liquors in Westborough, which sells Cense wine, has her own approach.
“I tell customers, if they are conscientious about what they put in their bodies, to ask me for input, or do their own research on how a wine is made.” Off the Vine: Are you drinking sophisticated wines?
Ultimately, there is only one way to stay healthy when drinking alcohol, according to DeLuca.
“Moderation is key,” she said.
Are these products here to stay?
Parks thinks they could be around a while, because they’re following the lead of packaged foods that tout health benefits.
“Those products are selling like wild,” Parks said.
How good a company is at marketing is also key.
Morganti said many of the factoids FitVine touts on the display in his store, like less sugar and fewer sulfites, can also be said about a lot of wines. But, while FitVine is out there promoting itself, some competitors would rather not do it.
“(Fit Vine) markets the best,” Morganti
Aberdeen Asia-Pacific Income Fund, Inc. Announces Record Date And Payment Date For Monthly Distribution
PHILADELPHIA Aberdeen Asia-Pacific Income Fund, Inc. ( NYSE American: FAX) (the “Fund”), a closed-end fund, today announced that it will pay on August 27, 2019 , a distribution of US $0.0275 per share to all shareholders of record as of August 19, 2019 (ex-dividend date August 16 , 2019). The Fund has reduced its monthly distribution from $0.035 per share to $0.0275 per share, commencing with the distribution payable on April 30 , 2019.
Your Fund’s distribution policy is to provide investors with a stable monthly distribution out of current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital.
Under U.S. tax rules applicable to the Fund, the amount and character of distributable income for each fiscal year can be finally determined only as of the end of the Fund’s fiscal year. However, under Section 19 of the Investment Company Act of 1940, as amended (the “1940 Act”) and related Rules, the Fund may be required to indicate to shareholders the source of certain distributions to shareholders.
The following table sets forth the estimated amounts of the sources of the distribution for purposes of Section 19 of the 1940 Act and the Rules adopted thereunder. The table has been computed based on generally accepted accounting principles. The table includes estimated amounts and percentages for the distribution to be paid on August 27, 2019 as well as the estimated cumulative distributions declared fiscal year to date ( 11/01/2018 – 07/31/2019 ), from the following sources: net investment income; net realized short-term capital gains; net realized long-term capital gains; and return of capital. The estimated composition of the distributions may vary from month to month because the estimated composition may be impacted by future income, expenses and realized gains and losses on securities and currencies.
Estimated Amounts of Current Monthly Distribution per share ($)
Estimated Amounts of Current Monthly Distribution per share (%)
Estimated Amounts of Fiscal Year to Date Cumulative Distributions per share ($)
Estimated Amounts of Fiscal Year to Date Cumulative Distributions per share (%)
Net Investment Income
Net Realized Short- Term Capital Gains*
Net Realized Long- Term Capital Gains
Return of Capital
Total (per common share)
*includes currency gains
The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income.”
Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the Fund’s current distributions or from the terms of the distribution policy (the “Distribution Policy”).
The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax reporting purposes. The final determination of the source of all distributions in 2019 will be made after year-end. 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 Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
The following table provides the Fund’s total return performance based on net asset value (NAV) over various time periods compared to the Fund’s annualized and cumulative distribution rates.
Average Annual Total Return on NAV for the 5 Year Period Ending 07/31/2019 1
Current Fiscal Period’s Annualized Distribution Rate on NAV 2
Fiscal Year to Date (11/01/2018 to 07/31/2019)
Cumulative Total Return on NAV 1
Cumulative Distribution Rate on NAV 2
1 Return data is net of all fund expenses and fees and assumes the reinvestment of all distributions reinvested at prices obtained under the Fund’s dividend reinvestment plan.
2 Based on the Fund’s NAV as of July 31, 2019.
While NAV performance may be indicative of the Fund’s investment performance, it does not measure the value of a shareholder’s investment in the Fund. The value of a shareholder’s investment in the Fund is determined by the Fund’s market price, which is based on the supply and demand for the Fund’s shares in the open market.
Pursuant to an exemptive order granted by the Securities and Exchange Commission on March 30, 2010 , the Fund may distribute any long-term capital gains more frequently than the limits provided in Section 19(b) under the 1940 Act and Rule 19b -1 thereunder. Therefore, distributions paid by the Fund during the year may include net income, short-term capital gains, long-term capital gains and/or a return of capital. Net income dividends and short-term capital gain dividends, while generally taxable at ordinary income rates, may be eligible, to the extent of qualified dividend income earned by the Fund, to be taxed at a lower rate not to exceed the maximum rate applicable to your long-term capital gains. Distributions made in any calendar year in excess of investment company taxable income and net capital gain are treated as taxable ordinary dividends to the extent of undistributed earnings and profits, and then as a return of capital that reduces the adjusted basis in the shares held. To the extent return of capital distributions exceed the adjusted basis in the shares held, capital gain is recognized with a holding period based on the period the shares have been held at the date such amount is received. Shareholders should not draw any conclusions about the Fund’s investment performance from the terms of the distribution policy. The final determination of the source of all distributions will be made after year-end. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the fiscal year and may be subject to change based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report distributions for federal income tax purposes.
The payment of distributions in accordance with the Distribution Policy may result in a decrease in the Fund’s net assets. A decrease in the Fund’s net assets may cause an increase in the Fund’s annual operating expense ratio and a decrease in the Fund’s market price per share to the extent the market price correlates closely to the Fund’s net asset value per share. The Distribution Policy may also negatively affect the Fund’s investment activities to the extent that the Fund is required to hold larger cash positions than it typically would hold or to the extent that the Fund must liquidate securities that it would not have sold, for the purpose of paying the distribution. The Fund’s Board of Directors has the right to amend, suspend or terminate the Distribution Policy at any time. The amendment, suspension or termination of the Distribution Policy may affect the Fund’s market price per share. Investors should consult their tax advisor regarding federal, state and local tax considerations that may be applicable in their particular circumstances.
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.
Aberdeen Standard Investments is a brand of the investment businesses of Standard Life Aberdeen plc, its affiliates and subsidiaries. In the United States , Aberdeen Standard Investments is the marketing name for the following affiliated, registered investment advisers: Aberdeen Standard Investments Inc., Aberdeen Asset Managers Ltd., Aberdeen Standard Investments Australia Ltd., Aberdeen Standard Investments ( Asia ) Ltd., Aberdeen Capital Management, LLC, Aberdeen Standard Investments ETFs Advisors LLC and Standard Life Investments (Corporate Funds) Ltd.
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.
If you wish to receive this information electronically, please contact [email protected]
SOURCE Aberdeen Asia-Pacific Income Fund, Inc.
Related Links http://www.aberdeenfax.com