THE INDIA FUND, INC. (IFN) ANNOUNCES A 20% INCREASE TO ITS MANAGED DISTRIBUTION POLICY

Rhea-AI Summary

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).

Positive

• Managed distribution rate increased 20% from 10% to 12% annualized
• New rate payable starting March 31, 2026 to holders of record Feb 20, 2026
• Payout based on average daily NAV of prior three calendar months

Negative

• None.

Key Figures

Distribution increase 20% Increase in managed distribution policy

New payout rate 12% annualized Based on average daily NAV of prior three months

Prior payout rate 10% annualized Managed distribution policy since March 2018

Policy duration At least one year New 12% rate guaranteed period

Distribution payable date March 31, 2026 First payment under new rate

Record/ex-dividend date February 20, 2026 Shareholders of record for new distribution

Market Reality Check

$13.82 Last Close

Volume Volume 168,763 is below the 20-day average of 253,862, suggesting muted pre-news activity. low

Technical Shares at $13.82 are below the 200-day MA of $15.41 and 21.25% under the 52-week high.

Peers on Argus

Peers show mixed moves: BOE -0.17%, EMD -0.66%, STK -0.58%, while PEO and RMT are up 0.70% and 1.42%, indicating stock-specific context for IFN.

Market Pulse Summary

This announcement highlights a 20% uplift in IFN’s managed distribution policy, taking the payout to a 12% annualized rate based on recent average daily NAV. The new rate will start with the March 31, 2026 distribution and remain in effect for at least one year. Investors may watch how India’s equity performance, earnings trends, and fund NAV behavior evolve relative to this higher, managed payout level.

Key Terms

managed distribution policy financial

"has approved a 20% increase in the Fund's managed distribution policy."

A managed distribution policy is a company’s plan to pay regular cash to shareholders at a set rate by combining income, dividends and occasional return of capital. Think of it as a scheduled withdrawal from a household account: it can provide steady income for investors, but part of the payment may come from savings rather than ongoing earnings, so investors should watch how those payments are funded and whether they are sustainable over time.

nav financial

"at an annualized rate of 12%, based on the average daily NAV of the"

Net asset value (NAV) is the total value of all the investments and assets in a fund or company, minus any debts or liabilities, divided by the number of shares or units outstanding. It represents the per-share worth, giving investors an idea of what each share is truly worth based on the underlying assets. Think of it like a company's total worth divided among its shares, helping investors assess whether a share is fairly priced.

ex-dividend date financial

"shareholders of record as of February 20, 2026 (ex-dividend date February 20, 2026)."

The ex-dividend date is the date when a stock starts trading without the value of its next dividend payment included. If you buy the stock on or after this date, you won't receive that upcoming dividend; only those who owned the stock before this date are entitled to it. It matters to investors because it determines who is eligible to receive the dividend and can influence the stock’s price around that time.

AI-generated analysis. Not financial advice.

PHILADELPHIA, Dec. 9, 2025 /PRNewswire/ -- The Board of Directors of The India Fund, Inc. (NYSE: IFN) has approved a 20% increase in the Fund's managed distribution policy. The fund will pay its quarterly distributions at an annualized rate of 12%, based on the average daily NAV of the previous three calendar months prior to the declaration date. The annualized rate had been 10% since the managed distribution policy was established in March 2018.

According to James Thom, IFN's portfolio manager: "India's prospects remain encouraging. After two consecutive years of strong returns, the market took a pause in 2025, underperforming global emerging markets over the year, but policy support has been decisive: tax cuts, labour reforms, and interest rate reductions to bolster domestic demand. Earnings growth expectations are turning. Capex is broadening into more strategic areas that support India's global manufacturing and tech ambitions. While valuations remain at a premium, India is becoming increasingly more attractive versus emerging market peers. A US-India trade deal will be one of the next important milestones that the market is focused on."

The new rate for the Managed Distribution Policy will commence with the distribution payable on March 31, 2026, to all shareholders of record as of February 20, 2026 (ex-dividend date February 20, 2026). The newly increased rate will remain in effect for at least one year.

About Aberdeen Investments

Aberdeen Investments Global is the trade name of Aberdeen's investments business, herein referred to as "Aberdeen Investments" or "Aberdeen". In the United States, Aberdeen Investments refers to the following affiliated, registered investment advisers: abrdn Inc., abrdn Investments Limited, and abrdn Asia Limited.

Aberdeen Investments is one of the world's largest asset management firms with extensive experience in managing closed-end funds dating back to the 1980s. As of September 30, 2025, Aberdeen Investments had approximately $515 billion in assets under management. Moreover, closed-end funds are an important element of Aberdeen Investments' client base in the U.S. and globally, managing 15 U.S. closed-end funds and 13 non-U.S. closed-end funds, totaling $26.1 billion in assets as of September 30, 2025.

Important Information

Under applicable U.S. tax rules, the amount and character of distributable income for each Fund's fiscal year can be finally determined only as of the end of the Fund's fiscal year. However, under Section 19 of the Investment Company Act of 1940, as amended (the "1940 Act") and related rules, the Funds may be required to indicate to shareholders the estimated source of certain distributions to shareholders.

The following tables set forth the estimated amounts of the sources of the previously declared distributions for purposes of Section 19 of the 1940 Act and the rules adopted thereunder. The tables have been computed based on generally accepted accounting principles. The tables include estimated amounts and percentages for the current distributions to be paid as well as for the cumulative distributions paid relating to fiscal year to date, from the following sources: net investment income; net realized short-term capital gains; net realized long-term capital gains; and return of capital. The estimated compositions of the distributions may vary because the estimated composition may be impacted by future income, expenses and realized gains and losses on securities and currencies. The Funds' estimated sources of the previously declared distributions to be paid and for its current fiscal year to date are as follows:

Estimated Amounts of Current Distribution per Share
Fund	Distribution  Amount	Net Investment  Income		Net Realized Short-  Term Gains*		Net Realized Long-Term Gains		Return of Capital
IFN	$0.9060	-	-	-	-	$0.9060	100 %	-	-

Estimated Amounts of Fiscal Year to Date Cumulative Distributions per Share
Fund	Fiscal Year**  to Date Distribution Amount	Net Investment  Income		Net Realized Short-  Term Gains*		Net Realized Long-Term Gains		Return of Capital
IFN	$2.2060	-	-	-	-	$2.2060	100 %	-	-

The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax reporting purposes. The final determination of the source of all distributions for the current year will only be made after year-end. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of the fiscal year and may be subject to change based on tax regulations. After the end of each calendar year, a Form 1099-DIV will be sent to shareholders for the prior calendar year that will tell you how to report these distributions for federal income tax purposes

The following table provides the Funds' total return performance based on net asset value (NAV) over various time periods compared to the Funds' annualized and cumulative distribution rates.

Fund Performance and Distribution Rate Information
Fund	Average Annual  Total Return on NAV for the 5 Year Period Ending 10/31/2025¹	Current Fiscal Period's Annualized Distribution Rate  on NAV²	Cumulative Total Return on  NAV¹	Cumulative Distribution Rate  on NAV²
IFN	9.40 %	10.85 %	-5.43 %	8.16 %

¹ Return data is net of all fund expenses and fees and assumes the reinvestment of all distributions reinvested at prices obtained under the Fund's dividend reinvestment plan.
² Based on the Fund's NAV as of October 31, 2025.

Shareholders should not draw any conclusions about the Fund's investment performance from the amount of the Fund's current distributions or from the terms of the distribution policy (the "Distribution Policy").

While NAV performance may be indicative of the Fund's investment performance, it does not measure the value of a shareholder's investment in the Fund. The value of a shareholder's investment in the Fund is determined by the Fund's market price, which is based on the supply and demand for the Fund's shares in the open market.

Pursuant to an exemptive order granted by the Securities and Exchange Commission, the Fund may distribute any long-term capital gains more frequently than the limits provided in Section 19(b) under the 1940 Act and Rule 19b-1 thereunder. Therefore, distributions paid by the Fund during the year may include net income, short-term capital gains, long-term capital gains and/or a return of capital. Net income dividends and short-term capital gain dividends, while generally taxable at ordinary income rates, may be eligible, to the extent of qualified dividend income earned by the Fund, to be taxed at a lower rate not to exceed the maximum rate applicable to your long-term capital gains. Distributions made in any calendar year in excess of investment in company taxable income and net capital gain are treated as taxable ordinary dividends to the extent of undistributed earnings and profits, and then as a return of capital that reduces the adjusted basis in the shares held. To the extent return of capital distributions exceed the adjusted basis in the shares held, capital gain is recognized with a holding period based on the period the shares have been held at the date such amount is received.

The payment of distributions in accordance with the Distribution Policy may result in a decrease in the Fund's net assets. A decrease in the Fund's net assets may cause an increase in the Fund's annual operating expense ratio and a decrease in the Fund's market price per share to the extent the market price correlates closely to the Fund's net asset value per share. The Distribution Policy may also negatively affect the Fund's investment activities to the extent that the Fund is required to hold larger cash positions than it typically would hold or to the extent that the Fund must liquidate securities that it would not have sold, for the purpose of paying the distribution. The Fund's Board has the right to amend, suspend or terminate the Distribution Policy at any time. The amendment, suspension or termination of the Distribution Policy may affect the Fund's market price per share. Investors should consult their tax advisor regarding federal, state, and local tax considerations that may be applicable in their particular circumstances.

Circular 230 disclosure: To ensure compliance with requirements imposed by the U.S. Treasury, we inform you that any U.S. tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.

Closed-end funds are traded on the secondary market through one of the stock exchanges. A 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 a Fund will achieve its investment objective. Past performance does not guarantee future results.

The value at which a closed-end fund stock trades on a stock exchange is a function of external market factors that are not under the control of the Fund's Board or Investment Advisor. Closed-end Fund shares may therefore trade at a premium or a discount to net asset value at any given time. Shareholders should be aware that a fund trading at a premium to net asset value may not be sustainable, and a fund's discount to net asset value can widen as well as narrow. Shareholders of a fund trading at a premium who participate in that fund's dividend reinvestment plan should note the reinvestment of distributions may occur at a premium to net asset value.

The India Fund, Inc. | Aberdeen

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SOURCE The India Fund, Inc.

FAQ

What change did The India Fund (IFN) announce on December 9, 2025?

The fund approved a 20% increase to its managed distribution policy, raising the annualized rate to 12% from 10%.

When will IFN's increased 12% managed distribution be first payable?

The new rate is payable on March 31, 2026 to shareholders of record as of February 20, 2026.

How is IFN's managed distribution rate calculated after the change?

The annualized rate is based on the average daily NAV of the three calendar months prior to the declaration date.

How long will IFN maintain the newly increased 12% distribution rate?

The increased rate will remain in effect for at least one year.

What was IFN's managed distribution rate before the December 9, 2025 increase?

The rate had been 10% since the policy was established in March 2018.