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May 13, 2013 /PRNewswire/ --
The India Fund, Inc. (the "Fund") (NYSE: IFN) and
The Asia Tigers Fund, Inc. (NYSE: GRR), (collectively the "Funds"), jointly announced today that they will discontinue the practice of accepting all shares tendered by stockholders who own, beneficially or of record, an aggregate of not more than 99 shares before prorating shares tendered by others.
The Funds are "interval funds" that conduct semi-annual repurchase offers at net asset value (less a 2% repurchase fee) to all Fund stockholders.
The India Fund, Inc. is a closed-end management investment company and its investment objective is long-term capital appreciation, which it seeks to achieve by investing primarily in equity securities of Indian companies. The India Fund, Inc. conducts semi-annual repurchase offers and is traded on the NYSE under the trading symbol "IFN."
The Asia Tigers Fund, Inc. is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in equity securities of Asian companies. The Asia Tigers Fund, Inc. conducts semi-annual repurchase offers and is traded on the NYSE under the trading symbol "GRR."
Aberdeen Asset Management Asia Limited serves as the Investment Manager to the Funds. The Investment Manager is an affiliate of Aberdeen Asset Management PLC.
Information on the India Fund, Inc. can be obtained on the Fund's website at
www.aberdeenifn.com or by calling the Fund's toll-free phone number at 1-866-839-5205.
Information on the Asia Tigers Fund, Inc. can be obtained on the Fund's website at
www.aberdeengrr.com or by calling the Fund's toll-free phone number at 1-866-839-5205.
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 net asset value (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.