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.
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