
Aberdeen Australia Equity Fund Announces Special Long-Term Capital Gains Distribution Aberdeen Asset Management
New York, December 19, 2006 – Aberdeen Australia Equity Fund, Inc. (“Fund”) (AMEX: IAF ), a closed-end equity fund, announced today that it will pay a special long-term capital gains distribution of US 16 cents per share, on January 12, 2007 to all shareholders of record as of December 29, 2006 (ex-dividend date December 27, 2006).
In January 2007, a Form 1099-DIV will be sent to shareholders, which will state the amount and composition of distributions and provide information with respect to their appropriate tax treatment for the 2006 calendar year. Qualifying U.S. taxpayers are generally entitled to a foreign withholding tax credit on distributions received. Shareholders will be informed as to the exact amount of the tax credit shortly after the end of the tax year.
The Fund is managed by Aberdeen Asset Management Asia Limited and advised by Aberdeen Asset Management Limited. The Fund’s shares trade on the American Stock Exchange under the symbol “IAF”.
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