Guggenheim Capital LLC Boosts Position in Aberdeen Australia Equity Fund Inc (IAF)

Guggenheim Capital LLC increased its position in shares of Aberdeen Australia Equity Fund Inc (NYSEAMERICAN:IAF) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 331,182 shares of the company’s stock after buying an additional 14,439 shares during the quarter. Guggenheim Capital LLC owned 1.45% of Aberdeen Australia Equity Fund worth $2,110,000 as of its most recent SEC filing.

Shares of NYSEAMERICAN IAF opened at $6.08 on Monday. Aberdeen Australia Equity Fund Inc has a 52 week low of $5.80 and a 52 week high of $6.77.

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The business also recently declared a quarterly dividend, which was paid on Monday, March 26th. Investors of record on Monday, March 19th were given a dividend of $0.16 per share. The ex-dividend date was Friday, March 16th. This represents a $0.64 annualized dividend and a yield of 10.53%.

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About Aberdeen Australia Equity Fund

Aberdeen Australia Equity Fund, Inc 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. Its secondary objective is current income, which is expected to be derived primarily from dividends and interest on Australian corporate and governmental securities.

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