ABRDN Australia Equity Fund (IAF) Officer Files Initial Form 3 Showing No Holdings

Rhea-AI Filing Summary

Initial Form 3 filed for ABRDN AUSTRALIA EQUITY FUND, INC. (IAF) by Iamthongthong Pruksa, who is listed as an Officer with the title Director of Adviser. The filing states that the reporting person does not beneficially own any securities of the issuer. The form includes an exhibit listing a Power of Attorney and is signed via a POA representative. This is an initial ownership disclosure indicating no direct or indirect holdings reported.

Insights

Financial Analyst

TL;DR: Initial ownership filing shows no holdings, so there is no immediate equity impact on IAF from this reporting person.

The Form 3 records the relationship between the reporting person and the issuer and explicitly states no beneficial ownership of securities. For investors and modelers, this provides no new share count, dilution, or insider accumulation signal. The presence of a Power of Attorney and a POA signature suggests administrative filing procedures were used rather than direct electronic signature by the reporting person.

Corporate Governance Expert

TL;DR: Governance disclosure completed; absence of ownership limits insider influence but still establishes officer status.

The filing documents that Iamthongthong Pruksa holds an officer role (Director of Adviser) and has filed the required initial statement under Section 16 rules, declaring no beneficial holdings. This is a routine governance disclosure that clarifies the officer's relationship to the fund but does not indicate conflicts of interest tied to equity ownership.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Iamthongthong Pruksa

(Last) (First) (Middle)

C/O ABRDN

1900 MARKET STREET, SUITE 200

(Street)

PHILADELPHIA PA 19103

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/09/2025

3. Issuer Name and Ticker or Trading Symbol
ABRDN AUSTRALIA EQUITY FUND, INC. [ IAF ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Director of Adviser

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

No securities are beneficially owned.

	/s/ Robert Stieger by POA from Reporting Person	09/19/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Who filed the Form 3 for ABRDN AUSTRALIA EQUITY FUND, INC. (IAF)?

The Form 3 was filed for Iamthongthong Pruksa, identified as an Officer with the title Director of Adviser.

Does the reporting person beneficially own any IAF securities?

The filing states no securities are beneficially owned by the reporting person.

What is the relationship of the reporting person to IAF?

The reporting person is listed as an Officer and specified as Director of Adviser.

Is there any exhibit attached to the Form 3?

Yes. The filing lists Exhibit 24 - Power of Attorney.

Was the Form 3 filed jointly or by one reporting person?

The form indicates it was filed by one reporting person.