ABRDN AUSTRALIA EQUITY FUND, INC. ANNOUNCES DETAILS OF UPCOMING 1-FOR-3 REVERSE STOCK SPLIT

Core Viewpoint - The abrdn Australia Equity Fund, Inc. has announced a 1-for-3 reverse stock split aimed at increasing the market price per share and potentially broadening the investor base [1][5]. Group 1: Reverse Stock Split Details - The reverse stock split will convert every three shares of the Fund's common stock into one share, effective before the market opens on October 23, 2025 [2][3]. - The new CUSIP number for the Fund's common stock will change from 003011103 to 003011111 [3]. - Post-split, shareholders will hold a proportionally reduced number of shares, but their percentage ownership in the Fund will remain unchanged [3][4]. Group 2: Impact on Distributions - The Fund will maintain its policy of paying quarterly distributions at an annual rate of 10% based on the rolling average of the Fund's NAV over the preceding three months [4]. - Shareholders may notice a higher per-share distribution amount after the split due to the reduced share count [4]. Group 3: Market Implications - The reverse stock split is expected to enhance the market for the Fund's shares and improve liquidity, potentially lowering transaction costs for investors [5]. - No fractional shares will be issued; instead, any resulting fractional shares will be aggregated and sold, with proceeds distributed pro rata among affected shareholders [6].