Aberdeen Australia Equity Fund, Inc. Reports Earnings Results for the Full Year Ended October 31, 2019
January 09, 2020 at 08:17 am
Share
Aberdeen Australia Equity Fund, Inc. announced earnings results for the full year ended October 31, 2019. For the full year, the company announced total revenue was USD 5.837 million compared to USD 0 a year ago. Net income was USD 19.128 million compared to USD 0 a year ago.
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 