Karpus Management Reports 7.42% Stake in abrdn Australia Equity Fund, Inc. (IAF)

Karpus Management, Inc. (doing business as Karpus Investment Management) has filed a Schedule 13G regarding its position in abrdn Australia Equity Fund, Inc. (IAF). As of March 31, 2026, the reporting person beneficially owns 711,187 shares of common stock, representing 7.42% of the class. This filing indicates a new significant position for the investment adviser, as the previous ownership was reported at 0.0%. Karpus Management is a New York-based registered investment adviser controlled by City of London Investment Group plc (CLIG). However, the filing notes that effective informational barriers exist between Karpus and CLIG, allowing Karpus to exercise independent voting and investment power. Consequently, beneficial ownership is not attributed between the two entities. The shares are held directly by accounts managed by Karpus. The filing was made under Rule 13d-1(b), certifying that the securities were acquired in the ordinary course of business and not for the purpose of influencing or changing control of the issuer.