Aberdeen India Fund (IFN) insider status reported for adviser director
Rhea-AI Filing Summary
ABERDEEN INDIA FUND, INC. filed a Form 3 to report the initial beneficial ownership status of Steven William Douglas Maguire in relation to the fund. He is identified as "Director of Adviser" and is not listed as a director, officer, or 10% owner of the fund itself. The filing shows no reported transactions or specific share holdings at this time.
Positive
- None.
Negative
- None.
Key Terms
Form 3, beneficial ownership, Director of Adviser
3 terms
Form 3 regulatory
"ABERDEEN INDIA FUND, INC. filed a Form 3 to report the initial beneficial ownership status"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
beneficial ownership financial
"filed a Form 3 to report the initial beneficial ownership status of Steven William Douglas Maguire"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Director of Adviser financial
"He is identified as "Director of Adviser" and is not listed as a director, officer, or 10% owner"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the IFN Form 3 filing for Steven William Douglas Maguire show?
The Form 3 for ABERDEEN INDIA FUND, INC. (IFN) identifies Steven William Douglas Maguire as "Director of Adviser". It reports no specific share holdings and no insider transactions at this time.
Is Steven William Douglas Maguire a director or officer of ABERDEEN INDIA FUND, INC. (IFN)?
The filing indicates he is not a director or officer of ABERDEEN INDIA FUND, INC.. Instead, he is listed under "other" as Director of Adviser, describing his role with the fund’s adviser.
Does the IFN Form 3 report any insider buying or selling by Steven William Douglas Maguire?
No. The Form 3 transaction summary shows no buys, sells, acquisitions, or dispositions. It is purely an initial ownership report without any trading activity disclosed.
Why is a Form 3 filed for a Director of Adviser of ABERDEEN INDIA FUND, INC. (IFN)?
Form 3 is used to register an individual as an insider or related person. Here, it records Steven William Douglas Maguire as "Director of Adviser", formally disclosing his relationship to the fund’s adviser.
Does the IFN Form 3 disclose any derivative securities for Steven William Douglas Maguire?
The filing’s derivative section is empty, and the derivativeSummary shows no derivative positions. This indicates no options or similar derivative holdings are reported for him in this Form 3.