Aberdeen Australia Equity Fund, Inc. Announces Quarterly Distribution, Payable on March 31, 2020
March 10, 2020 at 08:23 pm
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Aberdeen Australia Equity Fund, Inc. announced that it will pay on March 31, 2020, a distribution of $0.14 per share to all shareholders of record as of March 20, 2020 (ex-dividend date March 19, 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.