Aberdeen Australia Equity Fund, Inc. Announces Payment of Quarterly Distribution.

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Aberdeen Australia Equity Fund, Inc. Announces Payment of Quarterly Distribution.

PHILADELPHIA -- Aberdeen Australia Equity Fund, Inc. (NYSE AMEX: IAF) (the "Fund"),a closed-end equity fund, today announced that it paid on October 15, 2010, a quarterly distribution of US 27 cents per share to all shareholders of record as of September 30, 2010.

Under U.S. tax rules applicable to the Fund, the amount and character of distributable income for each fiscal year ca...

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