The India Fund, Inc. (the “Fund”) announced today that the Fund’s Special Meeting of Stockholders has been adjourned to December 12, 2011. Although an overwhelming majority of the stockholders who have voted their shares voted in favor of the proposal to approve the New Advisory Agreement (the “Proposal”) with Aberdeen Asset Management Asia Limited (“Aberdeen Asia”), the Fund did not reach the necessary quorum to conduct business at the Special Meeting. The December 12 th Meeting will be held at the offices of Simpson Thacher & Bartlett LLP, 425 Lexington Avenue, 30th Floor, New York, New York at 10:00 a.m., New York time. The record date for the Special Meeting will remain October 3, 2011.
Stockholders who have any questions or need assistance in voting are encouraged to contact Georgeson Inc., the Fund’s proxy solicitor, at its toll-free number, 1-877-255-0134.
The Fund is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in Indian equity securities. The Fund is traded on the New York Stock Exchange under the trading symbol “IFN.”
Following the approval of the Proposal, Aberdeen Asia will replace Blackstone Asia Advisors L.L.C. as the investment manager to the Fund. Aberdeen Asia is an affiliate of Aberdeen Asset Management PLC.Information on the Fund can be obtained on the Blackstone website ( www.blackstone.com) or by calling the Fund’s toll-free phone number at 1-866-800-8933. This press release may contain statements regarding plans and expectations for the future that constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking and can be identified by the use of words such as “may,” “will,” “expect,” “anticipate,” “estimate,” “believe,” “continue” or other similar words. Such forward-looking statements are based on the funds’ current plans and expectations, and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Additional information concerning such risks and uncertainties are contained in the Fund’s filings with the SEC.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV