PHILADELPHIA, May 27, 2021 /PRNewswire/ -- The India Fund,
Inc. (the "Fund") (NYSE: IFN) held its Annual Meeting of
Shareholders (the "Meeting") on May
27, 2021. At the Meeting, shareholders of the Fund
voted to elect two Class I Directors to the Board of Directors and
to approve the continuation of the term of one Director under the
Fund's Corporate Governance Policies.
As of the record date, April 12,
2021, the Fund had outstanding 26,904,575 shares of common
stock. 71.83% of outstanding common stock were voted representing a
quorum.
The description of the proposal and number of shares voted at
the Meeting are as follows:
To elect two Class I Directors to the Board of
Directors:
|
Votes For
|
Votes
Against
|
Votes
Abstained
|
|
Alan
Goodson
|
16,526,131
|
2,660,628
|
140,074
|
|
Jeswald
Salacuse
|
16,330,116
|
2,854,373
|
142,346
|
To approve the continuation of Term for one Director under the
Corporate Governance Policies:
|
Votes For
|
Votes
Against
|
Votes
Abstained
|
|
Luis Rubio
|
16,591,151
|
2,582,018
|
153,667
|
Also effective at the shareholder meeting on May 27, 2021, the term of Martin J. Gilbert expired. The Board would like
to extend its sincere gratitude to Mr. Gilbert and acknowledge the
invaluable contributions that he made to the Fund during his tenure
and wish him the best of success in all his future
endeavours. Also effective at the shareholder meeting, the
Board appointed Alan Goodson to
serve as a Class I Director.
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 Aberdeen Standard Alternative Funds Limited.
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.
If you wish to receive this information
electronically, please contact
InvestorRelations@aberdeenstandard.com
aberdeenifn.com
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SOURCE The India Fund, Inc.
