Australia Equity Fund, Inc. (the Fund) is a closed-end, non-diversified
management investment company. The Fund’s principal investment
is long-term capital appreciation through investment primarily in
securities of Australian companies listed on the Australian Stock
Limited. The Fund’s secondary investment objective is current income.
Fund invests at least 80% of its net assets, plus the amount of any
for investment purposes, in equity securities, consisting of common
preferred stock and convertible stock, of Australian companies listed
the Australian Stock Exchange Limited. Aberdeen Asset Management Asia
serves as investment manager to the Fund and Aberdeen Asset Management
Limited serves as investment adviser to the Fund.
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