Aberdeen Australia Equity Fund, Inc. Announces Record Date and Payment Date for Quarterly Distribution
10 Dezembro 2009 - 1:11PM
PR Newswire (US)
PHILADELPHIA, Dec. 10 /PRNewswire-FirstCall/ -- Aberdeen Australia
Equity Fund, Inc. (NYSE Amex: IAF) (the "Fund"), a closed-end
equity fund, announced today that it will pay a quarterly
distribution of US 22 cents per share on January 15, 2010 to all
shareholders of record as of December 31, 2009 (ex-dividend date
December 29, 2009). The Fund has a managed distribution policy of
paying quarterly distributions at an annual rate, set once a year,
that is a percentage of the rolling average of the Fund's prior
four quarter-end net asset values. In March 2009, the Board of
Directors determined that the rolling distribution rate would be
10% for the 12 months commencing with the distribution payable in
April 2009. This policy will be subject to regular review by the
Fund's Board of Directors. The distributions will be made from
current income, supplemented by realized capital gains and, to the
extent necessary, paid-in capital. For the 12 months to November
30, 2009, the Fund has paid total distributions amounting to US
$1.04 per share. The composition of distributions paid by the Fund
since the beginning of the Fund's fiscal year, November 1, 2009,
will be estimated through the payment date, and announced at the
time of payment of the distribution. The Fund is managed by
Aberdeen Asset Management Asia Limited and advised by Aberdeen
Asset Management Limited. The Fund's shares trade on the NYSE AMEX
under the symbol "IAF". If you wish to receive this information
electronically, please contact www.aberdeeniaf.com Aberdeen Asset
Management Asia Limited and Aberdeen Asset Management Limited are
registered investment advisers under the Investment Advisers Act of
1940. DATASOURCE: Aberdeen Australia Equity Fund, Inc. CONTACT:
Aberdeen Asset Management Inc., Investor Relations,
+1-866-839-5205, Web Site: http://www.aberdeeniaf.com/
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