1607 Capital discloses 7.09% stake in IAF common stock

Rhea-AI Filing Summary

1607 Capital Partners, LLC filed an amended Schedule 13G reporting its beneficial ownership in abrdn Australia Equity Fund, Inc. (IAF).

The firm reported 1,943,036 shares of common stock, representing 7.09% of the class as of the event date 09/30/2025. It holds sole voting power and sole dispositive power over 1,943,036 shares, with no shared power. The reporting person is classified as an Investment Adviser (IA) and certified the securities were acquired and are held in the ordinary course and not for the purpose of changing or influencing control.

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)

003011103

(CUSIP Number)

09/30/2025

(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)

SCHEDULE 13G

CUSIP No. 003011103

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 1,943,036.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,943,036.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,943,036.00

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)

7.09 %

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.: 003011103
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: 1,943,036
(b)	Percent of class: 7.09%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,943,036
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,943,036
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	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:	11/14/2025

FAQ

What did 1607 Capital Partners report in IAF’s Schedule 13G/A?

They reported beneficial ownership of 1,943,036 shares of IAF common stock, equal to 7.09% of the class.

What voting and dispositive powers does 1607 Capital hold over IAF shares?

It has sole voting power and sole dispositive power over 1,943,036 shares, with no shared power.

What is the event date for 1607 Capital’s IAF ownership report?

The event date is 09/30/2025.

How is 1607 Capital Partners classified in the filing?

It is classified as an Investment Adviser (IA).

Did 1607 Capital state an intent to influence control at IAF?

No. It certified the shares were acquired and are held in the ordinary course, not to change or influence control.

Which security and CUSIP does the filing cover?

IAF Common Stock, CUSIP 003011103.