abrdn Australia Equity Fund to Implement 1-for-3 Reverse Stock Split on October 23, 2025

abrdn Australia Equity Fund (IAF) will implement a 1-for-3 reverse stock split on October 23, 2025. The fund's Board of Directors approved the move, with shares set to trade on a split basis before the market opens that day. The reverse stock split aims to maintain the fund's listing on the NYSE.

The abrdn Australia Equity Fund (IAF), a non-diversified, closed-end management investment company, has announced a 1-for-3 reverse stock split scheduled for October 23, 2025. The decision was approved by the fund's Board of Directors and aims to maintain the fund's listing on the NYSE. The reverse stock split will see shareholders receive one share for every three shares they hold, with the trade occurring before the market opens on the specified date.

The reverse stock split is designed to adjust the fund's share count, which has been impacted by market conditions. This move is a strategic decision to ensure the fund's compliance with NYSE listing requirements and to potentially enhance the liquidity of the shares.

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). With a secondary objective of current income, the fund typically derives its income from dividends and interest on Australian corporate and governmental securities. The fund's investment manager, abrdn Asia Limited, oversees the investment strategy, which includes allocations across various sectors such as financials, materials, healthcare, utilities, energy, real estate, consumer discretionary, industrials, information technology, and communication services.

The reverse stock split is expected to have a minimal impact on the fund's net asset value (NAV) and the distribution of income to shareholders. The fund's NAV per share will increase proportionally to the reverse stock split, while the total value of the fund's assets will remain unchanged. Shareholders will continue to receive the same level of income and benefits from their investments.

For more details on the abrdn Australia Equity Fund, including its investment strategy and performance, visit the official website Abrdn Australia Equity Fund Inc Stock^[1].