Business & Finance
Tue, January 24, 2012Mon, January 23, 2012Sun, January 22, 2012Fri, January 20, 2012Thu, January 19, 2012Wed, January 18, 2012Tue, January 17, 2012The India Fund, Inc. Appointment of Directors
Published in Business and Finance on Thursday, January 19th 2012 at 13:42 GMT by Market Wire
The India Fund, Inc. Appointment of Directors -- PHILADELPHIA, Jan. 19, 2012 /PRNewswire/ --
The India Fund, Inc. Appointment of Directors
PHILADELPHIA, Jan. 19, 2012 /PRNewswire/ -- [ The India Fund, Inc. (the "Fund") ] (NYSE: [ IFN ]) announced the appointment of Martin Gilbert and Hugh Young as Directors of the Fund, effective January 11, 2012. Messrs. Gilbert and Young are representatives of Aberdeen Asset Management Asia Limited ("AAMAL"), the Fund's investment adviser, and are "interested persons" of the Fund, as defined in the Investment Company Act of 1940. The new appointments follow the transfer of investment management services from Blackstone Asia Advisors L.L.C. ("BAA"), the Fund's previous investment manager, to AAMAL, and the resulting resignations from the Board of Prakash A. Melwani and Robert L. Friedman, who were interested Directors and affiliates of BAA.
The India Fund, Inc. is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in Indian equity securities. The Fund conducts semi-annual repurchase offers and is traded on the New York Stock Exchange under the trading symbol "IFN".
Information on the Fund 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.
Important Information
Closed-end funds have a one-time initial public offering and then are subsequently traded on the secondary market through one of the stock exchanges. The 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.
If you wish to receive this information electronically, please contact: [ InvestorRelations@aberdeen-asset.com ]
SOURCE The India Fund, Inc.
[ Back to top ] RELATED LINKS
[ http://www.aberdeenifn.com ]
