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India Fund begins tender offer in exchange for up to 15% cash of its issued and outstanding shares
M2 - Mon Mar 10, 7:13AM CDT
An asset management company advised by Aberdeen Asset Management Inc, the India Fund Inc (NYSE:IFN) began a tender offer to acquire in exchange for cash up to 15% of its issued and outstanding shares, at a price per share equal to 98% of its net asset value (NAV) per share as decided by it on the business day after the expiry date of the offer.
The India Fund, Inc. Announces Commencement Of Tender Offer
PR Newswire - Fri Mar 07, 7:26AM CST
The India Fund, Inc. (NYSE: IFN; the "Fund") announced today the commencement of a tender offer (the "Tender Offer") by the Fund to acquire in exchange for cash up to 15% of the Fund's issued and outstanding shares at a price per share equal to 98% of the Fund's net asset value ("NAV") per share as determined by the Fund on the next business day following the expiration date of the tender offer.
The India Fund, Inc. Announces Performance Data And Portfolio Composition And Results Of Recent Shareholder Meeting
PR Newswire - Thu Mar 06, 1:33PM CST
The India Fund, Inc. (the "Fund") (NYSE: IFN), a closed-end equity fund, announced today its performance data and portfolio composition as of January 31, 2014.
The India Fund, Inc. Announces Approval of Tender Offer
PR Newswire - Wed Feb 19, 3:30PM CST
The India Fund, Inc. (the "Fund") (NYSE: IFN) announced today that the Board of Directors approved a tender offer by the Fund to acquire in exchange for cash up to 15% of the Fund's issued and outstanding shares at a price per share equal to 98% of the Fund's net asset value per share as determined by the Fund on the next business day following the expiration date of the tender offer (the "Tender Offer"). The Tender Offer will commence on or about March 7, 2014.
ETFs in the BRICs May No Longer Do the Trick
at The Street - Fri Feb 07, 10:00AM CST
With emerging markets taking a beating, investing in developing markets now requires more selectivity.
The India Fund, Inc. Announces Results Of Special Meeting Of Stockholders And Approval Of Elimination Of The Interval Fund Structure And Implementation Of Tender Offer And Targeted Discount Policy
PR Newswire - Mon Feb 03, 12:29PM CST
The India Fund, Inc. (the "Fund") (NYSE: IFN) (the "Fund") held a Special Meeting of Stockholders (the "Meeting") today. At the Meeting, stockholders of the Fund voted to eliminate the interval fund structure, a fundamental policy of the Fund ("Policy").
The India Fund, Inc. Announces Payment Of Distribution
PR Newswire - Fri Jan 17, 12:16PM CST
The India Fund, Inc. (NYSE: IFN) (the "Fund"), a closed-end equity fund, today announced that it paid on January 17, 2014, a distribution of US$0.88983 per share to all shareholders of record as of December 31, 2013.
The India Fund, Inc. Announces Performance Data And Portfolio Composition
PR Newswire - Mon Jan 06, 2:12PM CST
The India Fund, Inc. (the "Fund") (NYSE: IFN), a closed-end equity fund, announced today its performance data and portfolio composition as of November 30, 2013.
The India Fund, Inc. Announces Dividend
PR Newswire - Fri Dec 20, 11:40AM CST
The India Fund, Inc. (NYSE: IFN) (the "Fund"), a closed-end equity fund, announced today that it will pay a dividend of US$0.88983 per share on January 17, 2014 to all shareholders of record as of December 31, 2013. This distribution is comprised of $0.08117 per share of net investment income, $0.00322 per share of net realized short-term capital gains and $0.80544 per share of net realized long-term capital gains.
The India Fund, Inc. Announces Meeting And Record Date For Special Meeting Of Stockholders To Consider Elimination Of The Interval Fund Structure As A Fundamental Policy Of The Fund, Conditional Tender Offer And Targeted Discount Policy
PR Newswire - Mon Nov 18, 4:07PM CST
The India Fund, Inc. (the "Fund") (NYSE: IFN), a closed-end equity fund, announced today that its Board of Directors (the "Board") approved the elimination of its interval fund structure, subject to stockholder approval. The Fund also announced that a special meeting of stockholders ("Special Meeting") will be held on February 3, 2014, to consider the elimination of the interval fund structure, a fundamental policy of the Fund ("Policy") pursuant to Section 23c-3 of the Investment Company Act of 1940, as amended. The Board recommends that stockholders approve the elimination of the interval structure. The Fund has set December 6, 2013 as a record date for determining stockholders entitled to vote at the Special Meeting.
/C O R R E C T I O N -- The India Fund, Inc./
PR Newswire - Fri Nov 08, 4:07PM CST
In the news release, The India Fund, Inc. Announces Performance Data And Portfolio Composition, issued 01-Nov-2013 by The India Fund, Inc. over PR Newswire, we are advised by the company that the headline, the first two paragraphs and some of the numbers in the Market Price row of the first table have changed. The complete, corrected release follows:
The India Fund, Inc. Announces Expiration Of Semi-Annual Repurchase Offer
PR Newswire - Mon Sep 16, 7:00AM CDT
The India Fund, Inc. (NYSE: IFN; the "Fund") announced today the expiration of the Fund's semi-annual repurchase offer for shares of its common stock. The repurchase offer and withdrawal rights expired on Friday, September 13, 2013. The Fund offered to repurchase up to 5% of the outstanding shares of its common stock for cash at a price approximately equal to net asset value as of September 20, 2013.
The India Fund, Inc. Announces Commencement Date Of Semi-annual Repurchase Offer
PR Newswire - Fri Aug 23, 9:20AM CDT
The India Fund, Inc. (NYSE: IFN) (the "Fund") announced today that the Fund's semi-annual repurchase offer will commence today and terminate on September 13, 2013. In April 2003, stockholders of the Fund voted to adopt an interval fund structure, pursuant to which the Fund conducts periodic repurchase offers for between 5% and 25% of the Fund's outstanding common stock. Accordingly, the Fund's Board of Directors (the "Board") authorized the Fund's repurchase offer for this semi-annual period of up to 5% of its outstanding common stock. The Board's determination of 5% was based on its consideration of several factors, including, current economic and market environments, market pricing, market volatility, the Fund's discount, and tax consequences to the Fund and its stockholders.
NYSE stocks posting largest percentage decreases
AP - Wed Aug 21, 5:03PM CDT
NEW YORK (AP) — A look at the 10 biggest percentage decliners on New York Stock Exchange at the close of trading: