[SCHEDULE 13G/A] ABRDN AUSTRALIA EQUITY FUND, INC. Amended Passive Investment Disclosure

Rhea-AI Filing Summary

ABRDN AUSTRALIA EQUITY FUND, INC. reports a Schedule 13G/A amendment showing 1607 Capital Partners, LLC beneficially owns 459,489 shares of common stock, representing 4.80% of the class as of 03/31/2026.

The filing lists sole voting and dispositive power over all 459,489 shares and is signed by Kevin Rutherford, Chief Compliance Officer, on 05/15/2026.

Insights

Institutional Ownership Analyst

1607 Capital holds a passive sub‑5% stake in ABRDN Australia Equity Fund.

The filing is a Schedule 13G/A amendment reporting beneficial ownership of 459,489 shares (4.80%) as of 03/31/2026. It records sole voting and dispositive power, consistent with a single institutional holder disclosure.

Because the stake is below 5%, this filing signals a reportable passive holding; subsequent filings would show changes in percentage or intent.

Compliance & Registry Specialist

Amendment updates beneficial‑owner disclosure and confirms voting/dispositive authority.

The Schedule 13G/A amends prior reporting and confirms the holder has sole voting and dispositive power over 459,489 shares. The CUSIP is 003011111 and the filer is a Delaware LLC at the stated Richmond address.

Signature by the Chief Compliance Officer on 05/15/2026 completes the amendment certification under applicable reporting rules.

Key Figures

Beneficial ownership: 459,489 shares Percent of class: 4.80% Reporting date: 03/31/2026 +2 more

5 metrics

Beneficial ownership 459,489 shares Amount beneficially owned as reported

Percent of class 4.80% Percent of class as reported

Reporting date 03/31/2026 As of date for the ownership amount

Filing signature date 05/15/2026 Signature date of the amendment

CUSIP 003011111 CUSIP for the class of common stock

Key Terms

Schedule 13G/A, beneficially owned, sole dispositive power

3 terms

Schedule 13G/A regulatory

"Amendment No. 2 ) ABRDN AUSTRALIA EQUITY FUND, INC."

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

beneficially owned financial

"Item 4. | Ownership (a) | Amount beneficially owned: 459,489"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole dispositive power regulatory

"7 | Sole Dispositive Power 459,489.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

ABRDN AUSTRALIA EQUITY FUND, INC.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

003011111

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 003011111

1

Names of Reporting Persons

1607 Capital Partners, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 459,489.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 459,489.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

459,489.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.80 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: ABRDN AUSTRALIA EQUITY FUND, INC.
(b)	Address of issuer's principal executive offices: 1900 MARKET STREET, SUITE 200, PHILADELPHIA, PA, 19103
Item 2.
(a)	Name of person filing: 1607 Capital Partners, LLC
(b)	Address or principal business office or, if none, residence: 13 S. 13th Street, Suite 400, Richmond, Virginia 23219
(c)	Citizenship: Delaware, United States
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 003011111
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 459,489
(b)	Percent of class: 4.80%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 459,489
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 459,489
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

1607 Capital Partners, LLC

Signature:	Kevin Rutherford
Name/Title:	Kevin Rutherford | Chief Compliance Officer
Date:	05/15/2026

FAQ

What stake does 1607 Capital Partners hold in ABRDN Australia Equity Fund (IAF)?

1607 Capital Partners beneficially owns 459,489 shares, equal to 4.80% of the class. The Schedule 13G/A amendment records sole voting and dispositive power over these shares as of 03/31/2026, with the amendment signed on 05/15/2026.

Does the filing indicate 1607 Capital has voting control or dispositive power?

Yes. The filing states 1607 Capital has sole voting power and sole dispositive power over 459,489 shares. Both powers are listed as 459,489 in the ownership table within the Schedule 13G/A amendment dated 03/31/2026.

Is the 1607 Capital position reported as above or below the 5% threshold?

The position is reported below 5%, at 4.80% of the class. Item 5 of the filing specifically notes "Ownership of 5 percent or less of a class," categorizing this holding within the sub‑5% passive reporting framework.

Who signed the Schedule 13G/A amendment for 1607 Capital Partners?

The amendment is signed by Kevin Rutherford, listed as Chief Compliance Officer. The signature block shows the filing date of 05/15/2026, confirming the amendment execution for the reported 459,489 share position.