Aberdeen Australia Equity Fund, Inc. Announces Quarterly Distribution Payable September 30, 2019
September 11, 2019 at 04:23 pm EDT
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Aberdeen Australia Equity Fund, Inc. announced that it will pay on September 30, 2019, a distribution of $0.14 per share to all shareholders of record as of September 23, 2019 (ex-dividend date September 20, 2019).
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 
