Welcome to our dedicated page for India Fund news (Ticker: IFN), a resource for investors and traders seeking the latest updates and insights on India Fund stock.
The India Fund, Inc. (NYSE: IFN) is a non-diversified, closed-end management investment company that seeks long-term capital appreciation by investing primarily in the equity securities of Indian companies. News and press releases about IFN focus on how the Fund implements this mandate, its distribution practices, and its capital management activities within the closed-end fund structure.
Coverage of IFN frequently highlights decisions by its Board of Directors regarding the Fund’s managed distribution policy, including changes to the annualized distribution rate and the mechanics of quarterly payouts. Announcements describe whether distributions are paid in cash or newly issued common stock, how per-share values are determined using NAV and market prices, and the estimated composition of each distribution among net investment income, realized capital gains, and return of capital under Section 19 of the Investment Company Act of 1940.
Investors following IFN’s news can also expect updates on rights offerings and other capital-raising initiatives. These releases explain the terms of transferable rights, subscription pricing formulas tied to NAV and recent trading prices, and over-subscription privileges available to existing stockholders. In addition, periodic communications report on shareholder meetings, including the election of directors and approvals under the Fund’s corporate governance policies.
This news page aggregates these company-issued updates so readers can review how The India Fund, Inc. manages distributions, conducts offerings, and administers its closed-end fund structure over time. For investors and observers interested in IFN’s approach to Indian equity exposure and its use of managed distributions and rights offerings, this feed provides a centralized view of the Fund’s key corporate and policy announcements.
The India Fund (NYSE: IFN) will change its name to Aberdeen India Fund, Inc. effective February 27, 2026.
The fund's ticker symbol, CUSIP (454089103), and investment manager will remain unchanged; Aberdeen will continue managing the fund, as it has since December 2011.
The India Fund (NYSE: IFN) approved a 20% increase to its managed distribution policy, raising the annualized payout rate from 10% to 12%. The new 12% rate is calculated on the average daily NAV of the three calendar months prior to the declaration date and will remain in effect for at least one year.
The increased rate begins with the distribution payable on March 31, 2026 to shareholders of record as of February 20, 2026 (ex-dividend date February 20, 2026).
The India Fund (IFN) announced a distribution payment of $0.45 per share on July 5, 2024, for shareholders of record as of May 30, 2024. The distribution was made in newly issued shares or cash, with shares issued at the lower of NAV or market price, but not less than 95% of the market price as of June 28, 2024. The reinvestment price per share was $17.67. The Fund's distribution policy aims for stable distributions from current income and realized capital gains.
For fiscal 2024, the Fund's cumulative distribution per share is $0.88, entirely a return of capital. The Fund's performance shows an average annual total return of 9.08% over five years, with a current annualized distribution rate of 9.01%.
Shareholders could elect cash distributions by notifying their bank or broker by June 20, 2024. Tax reporting will be finalized after year-end. The Fund warns that distribution payments may lower net assets, potentially raising expense ratios and affecting market prices.
The India Fund, IFN, announced a distribution of $0.45 per share, payable on July 5, 2024, to shareholders of record as of May 30, 2024. Shareholders will receive this distribution in newly issued shares unless they opt for cash. The valuation date for the stock distribution is June 21, 2024. Fractional shares will generally be settled in cash.
To receive cash instead of stock, shareholders must notify their bank, brokerage, or Computershare Investor Services by June 20, 2024. The fund's distribution policy aims to provide stable returns using current income and realized capital gains.
For fiscal year-to-date, the total distribution amounts to $0.88 per share, all of which is considered a return of capital. The Fund's 5-year average annual return on NAV is 9.08%. The actual tax treatment of these distributions will be clarified after year-end, with Form 1099-DIV sent to shareholders.
The India Fund (NYSE:IFN) announced the successful completion of its transferable rights offering, which commenced on April 19, 2024, and expired on May 14, 2024.
Rights holders subscribed for shares of the Fund's common stock at a final subscription price of $17.75 per share, determined as 93% of the Fund's net asset value per share at the close of trading on the NYSE on the expiration date.
The offering resulted in the issuance and sale of 6,237,159 shares, generating gross proceeds of approximately $110 million. Shares are expected to be issued on or about May 21, 2024.
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abrdn U.S. Closed-End Funds held their Annual Meeting of Shareholders on May 26, 2022, where key proposals were voted on for The India Fund, Inc. (IFN) and Aberdeen Standard Global Infrastructure Income Fund (ASGI). IFN had 67.77% of its shares voted, resulting in successful elections for two Class III Directors, Hugh Young and Nancy Yao Maasbach. ASGI reported 79.68% of shares voted, leading to the election of Class II Trustees P. Gerald Malone and Todd Reit. These meetings reflect shareholder engagement in governance and strategic direction.
The India Fund, Inc. (NYSE: IFN) announced a distribution of $0.58 per share scheduled for March 31, 2022. Shareholders must be on record by March 24, with an ex-dividend date of March 23. The Fund's distribution policy maintains a 10% annual rate, subject to Board review. Starting June 2022, shareholders can elect to receive distributions in newly issued shares instead of cash. The current distribution's estimated source is 100% return of capital. This policy aims to provide stable income but may impact the Fund's net assets.
The India Fund, Inc. (NYSE:IFN) announced a distribution of $0.80 per share for shareholders recorded as of December 20, 2021, payable on January 31, 2022. Shareholders had the option to receive the distribution in shares valued at $21.77 each or cash. The distribution breakdown shows $0.0400 from net realized short-term gains and $0.7600 from net realized long-term gains. The total distribution for the fiscal year so far is $3.2100 per share, emphasizing the Fund's allocation of 95% of its long-term gains as distributions.
The India Fund, Inc. (NYSE:IFN) has declared a special capital gains distribution of $0.80 per share, payable on January 31, 2022. Stockholders of record on December 20, 2021 can opt for cash instead of stock by notifying their bank or broker by January 19, 2022. The distribution's per share value will be determined on January 20, 2022, based on the average trading price over the previous three business days. This special distribution will be treated as received by stockholders as of December 31, 2021.