abrdn Australia Equity Fund Announces 1-for-3 Reverse Stock Split
ByAinvest
Wednesday, Oct 8, 2025 4:20 pm ET1min read
IAF--
abrdn Australia Equity Fund, Inc. announced a 1-for-3 reverse stock split of its common stock, effective October 23, 2025. Trading in shares of the Fund's common stock will begin on a split-adjusted basis on the NYSE American under its existing ticker symbol IAF but with a new CUSIP number. The reverse stock split will decrease the number of outstanding shares and potentially increase the market price per share. The Fund's quarterly distribution policy remains unchanged.
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