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On April 29, 2021, Aberdeen Australia Equity Fund (NYSE American: IAF) held its Annual Meeting of Shareholders. During the meeting, shareholders voted to re-elect one Class III Director and approved the continuation of terms for three Directors as part of Corporate Governance Policies. Notably, Peter D. Sacks retired, and Martin J. Gilbert's term expired, prompting a reduction in the Board size from six to five. Radhika Ajmera was appointed as a new Class II Director. The voting results showed 75.97% of outstanding shares participated, indicating strong shareholder engagement.
Aberdeen Australia Equity Fund (IAF) announced a quarterly stock distribution of US$0.15 per share, paid to shareholders on March 31, 2021. This distribution is designed to provide a stable income to investors, derived from current income, realized capital gains, and potentially paid-in capital. The shares are issued at the lower of the net asset value or market price, with a market price of $5.80. As of February 19, 2021, shareholders had the option to elect cash distributions, which had to be communicated by March 19, 2021. The Fund's distribution policy may result in a decrease in net assets.
The Aberdeen Australia Equity Fund (IAF) has announced a stock distribution of US$0.15 per share, scheduled for March 31, 2021. Record date for shareholders is February 19, 2021. The distribution will generally be paid in newly issued shares, calculated at the lower of net asset value or market price, with a 95% NAV floor. The Fund's distribution policy aims to provide stable quarterly distributions from current income, with adjustments from realized capital gains and paid-in capital. Estimated sources for the upcoming distribution include net investment income, short-term capital gains, and return of capital.
On January 8, 2021, Aberdeen Australia Equity Fund (IAF) declared a quarterly stock distribution of US$0.13 per share to shareholders recorded as of November 20, 2020. This distribution was automatically issued in new shares or cash upon shareholder instruction. The shares were valued at $5.30 each. The Fund aims for stable distributions, funded by income and capital gains. The distribution included 2% from net investment income, 53% from long-term capital gains, and 44% as a return of capital. Investors are advised to consult tax professionals regarding their distributions.
Aberdeen Australia Equity Fund (IAF) has announced a quarterly stock distribution of US$0.13 per share, payable on January 8, 2021, to shareholders of record as of November 20, 2020. This distribution, part of the Fund's policy to provide stable returns, may include a return of capital since the Fund has distributed more than its income and capital gains in the past. Shareholders can choose to receive shares or cash by notifying their brokerage by December 18, 2020. The Fund's estimated contributions to this distribution are primarily return of capital (97%).
Aberdeen Australia Equity Fund (NYSE American: IAF) announced a quarterly stock distribution of US$0.12 per share, paid on September 30, 2020, to shareholders of record as of August 21, 2020. The stock distribution consists of $0.0204 from net investment income and $0.0996 as return of capital, representing 83% of the total distribution. The market price per share was $4.47. Also, the Fund emphasized that distributions may exceed income and capital gains, potentially affecting net asset value and investment performance.
Aberdeen Australia Equity Fund (IAF) announced a stock distribution of $0.12 per share, payable on September 30, 2020. Shareholders of record as of August 21, 2020 will receive this distribution, with an ex-dividend date of August 20, 2020. The Fund's distribution policy aims for stable quarterly payouts primarily from current income, supplemented by capital gains. The composition of distributions may include a return of capital, reflecting past income and gains. For the fiscal year to date, the cumulative distribution stands at $0.52 per share.
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