abrdn Australia Equity Fund Inc. (NYSE American: IAF) has announced a 1-for-3 reverse stock split of its common stock, effective prior to the open of trading on October 23, 2025. Following the split, shares will continue to trade under the existing ticker symbol with a new CUSIP number. Fractional shares resulting from the split will be aggregated and sold, with proceeds distributed to affected shareholders.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. abrdn Australia Equity Fund Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: PH93533) on October 08, 2025, and is solely responsible for the information contained therein.