Aberdeen Australia Equity Fund, Inc. Announces Dividend, Payable on September 30, 2020
August 11, 2020 at 04:23 pm EDT
Share
Aberdeen Australia Equity Fund, Inc. announced that it will pay on September 30, 2020, a stock distribution of $0.12 per share to all shareholders of record as of August 21, 2020 (ex-dividend date August 20, 2020).
abrdn Australia Equity Fund, Inc. (Fund) is a non-diversified, closed-end management investment company. The Fund's principal investment objective is long-term capital appreciation through investment primarily in equity securities of Australian companies listed on the Australian Stock Exchange Limited (ASX). Its secondary objective is current income, which is expected to be derived primarily from dividends and interest on Australian corporate and governmental securities. The Fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities, consisting of common stock, preferred stock and convertible stock, of Australian Companies. It invests in various sectors, such as financials, materials, healthcare, utilities, energy, real estate, consumer discretionary, Communication Services and consumer staples. The Fundâs investment manager is abrdn Asia Limited.
ABRDN AUSTRALIA EQUITY FUND INC 
