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Aberdeen Australia Equity Fund, Inc. Announces Results Of Annual Meeting Of Shareholders

PHILADELPHIA, March 30, 2017 /PRNewswire/ -- Aberdeen Australia Equity Fund, Inc. (the "Fund") (IAF) held its Annual Meeting of Shareholders (the "Meeting") on March 30, 2017.  At the Meeting, shareholders of the Fund voted to re-elect three Class II Directors to the Board of Directors.

As of the record date, February 6, 2017, the Fund had outstanding 22,742,326 shares of common stock. 80.3% of outstanding common stock were voted representing a quorum.

The description of the proposal and number of shares voted at the Meeting are as follows:

To elect three Class II Directors to the Board of Directors:


Votes For

Votes Against

Votes Withheld

P. Gerald Malone

17,372,937

564,500

331,988

Peter D. Sacks

17,352,160

575,886

341,379

Hugh Young

17,381,612

544,808

343,005

Directors whose term of office continued beyond the Meeting are as follows: Neville J. Miles, Moritz Sell, William J. Potter and John T. Sheehy.

Closed-end funds are traded on the secondary market through one of the stock exchanges. The Fund's investment return and principal value will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund's portfolio. There is no assurance that the Fund will achieve its investment objective.

If you wish to receive this information electronically, please contact InvestorRelations@aberdeen-asset.com

aberdeeniaf.com

 

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