Fund Description: Aberdeen Australia Equity Fund, Inc., formerly The First Australia Fund, Inc., is an exchange-traded closed-end fund or a closed-end ETF that is officially described as a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Aberdeen Australia Equity Fund, Inc. seeks long-term capital appreciation. The Fund’s secondary investment objective is current income. FUND STRATEGY: The Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities, consisting of common stock, preferred stock and convertible stock of Australian companies listed on the Australian Stock Exchange Limited. FUND MANAGEMENT: Aberdeen Asset Management Asia Limited serves as investment manager to the Fund and Aberdeen Asset Management Limited serves as investment adviser to the Fund.