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28.05.2020 00:45:00

The India Fund, Inc. Announces Results Of Annual Meeting Of Stockholders

PHILADELPHIA, May 27, 2020 /PRNewswire/ -- The India Fund, Inc. (the "Fund") (NYSE: IFN) held its Annual Meeting of Stockholders (the "Meeting") on May 27, 2020.  At the Meeting, stockholders of the Fund voted to elect two Class II Directors to the Board of Directors, each to hold office until the 2023 Annual Meeting of Stockholders or thereafter until his or her successors are elected and qualify. 

Aberdeen Asset Management Inc. At Aberdeen, asset management is our business. We only manage assets for clients, allowing us to focus solely on their needs and deliver independent, objective investment advice. We know global markets from the local level upwards, drawing on more than 1,900 staff, across 32 offices in 23 countries. Investment teams are based in the markets or regions where they invest, delivering local perspective in a global investment environment. (PRNewsFoto/Aberdeen Asset Management Inc.)

As of the record date, March 26, 2020, there were 26,904,575 outstanding shares of the Fund.  75.1% of outstanding shares were voted at the meeting, representing a quorum.

The description of the proposal and number of shares voted at the Meeting are as follows:

To elect two Class II Directors to the Board of Directors:

Class II

Votes For

Votes Against

Abstain

Nisha Kumar

17,855,129

1,997,140

339,185

Luis Rubio

17,619,028

2,336,880

235,549

Directors whose terms of office continue beyond the Meeting are as follows: Martin Gilbert, Nancy Yao Maasbach, Jeswald Salacuse and Hugh Young.

In the United States, Aberdeen Standard Investments is the marketing name for the following affiliated, registered investment advisers:  Aberdeen Standard Investments Inc., Aberdeen Asset Managers Ltd., Aberdeen Standard Investments Australia Ltd., Aberdeen Standard Investments (Asia) Ltd., Aberdeen Capital Management, LLC, Aberdeen Standard Investments ETFs Advisors LLC and Standard Life Investments (Corporate Funds) Ltd.

Closed-end funds are traded on the secondary market through one of the stock exchanges. The Fund's investment return and principal value will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the NAV of the fund's portfolio. There is no assurance that the Fund will achieve its investment objective. Past performance does not guarantee future results.

If you wish to receive this information electronically, please contact Investor.Relations@aberdeenstandard.com

aberdeenifn.com

 

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SOURCE The India Fund, Inc.

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