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The India Fund, Inc. Announces Final Results of Its Rights Offering

The India Fund, Inc. Announces Final Results of Its Rights Offering

印度基金公司宣佈其供股的最終結果
Accesswire ·  05/15 07:35

PHILADELPHIA, PA / ACCESSWIRE / May 15, 2024 / The India Fund, Inc. (NYSE:IFN) (the "Fund"), a closed-end fund, announced today the successful completion of its transferable rights ("Rights") offering (the "Offer"). The Offer commenced on April 19, 2024, and expired on May 14, 2024 (the "Expiration Date").

賓夕法尼亞州費城/ACCESSWIRE/2024年5月15日/封閉式基金印度基金有限公司(紐約證券交易所代碼:IFN)(“基金”)今天宣佈成功完成其可轉讓權(“權利”)發行(“要約”)。該優惠於2024年4月19日開始,並於2024年5月14日(“到期日”)到期。

The Offer entitled Rights holders to subscribe for shares of the Fund's common stock of beneficial interest, par value $0.001 per share ("Common Stock"). The final subscription price was $17.75 per share of Common Stock and was determined based upon 93% of the Fund's net asset value ("NAV") per share of Common Stock at the close of trading on the New York Stock Exchange ("NYSE") on the Expiration Date, which was greater than the formula of 92.5% of the average of the last reported sales price of a share of Common Stock on the NYSE on the Expiration Date and each of the four (4) immediately preceding trading days. The Rights exercised in the Offer (including pursuant to over-subscription requests and notices of guaranteed delivery) will result in the issuance and sale of 6,237,159 shares of Common Stock, and gross proceeds of the Offer are expected to be approximately $110 million.

該要約使權利持有人有權認購面值每股0.001美元的基金普通股實益股(“普通股”)。最終認購價格爲普通股每股17.75美元,是根據到期日紐約證券交易所(“NYSE”)交易收盤時該基金普通股每股淨資產價值(“NAV”)的93%確定的,該公式高於紐約證券交易所上次公佈的普通股銷售價格平均值的92.5% 交易日之前的四(4)個。在本次要約中行使的權利(包括根據超額認購請求和保證交割通知行使的權利)將導致6,237,159股普通股的發行和出售,本次要約的總收益預計約爲1.1億美元。

The shares of Common Stock subscribed for will be issued after completion of the allocation of the over-subscription shares of Common Stock and receipt of all shareholder payments. The shares of Common Stock are expected to be issued on or about May 21, 2024.

認購的普通股將在完成超額認購普通股的分配並收到所有股東付款後發行。普通股預計將於2024年5月21日左右發行。

This press release shall not constitute an offer to sell or constitute a solicitation of an offer to buy. Investors should read the prospectus supplement and accompanying prospectus, when available, and consider the investment objective, risks, fees, and expenses of the Fund carefully before investing. This press release is not an offer to sell these securities and is not soliciting offers to buy these securities in any jurisdiction where the offer or sale is not permitted.

本新聞稿不應構成賣出要約或構成買入要約的邀請。投資者應閱讀招股說明書補充文件和隨附的招股說明書(如果有),並在投資之前仔細考慮基金的投資目標、風險、費用和支出。本新聞稿不是出售這些證券的提議,也不是在任何不允許要約或出售的司法管轄區徵求購買這些證券的要約。

The Fund is managed and advised by abrdn Asia Limited. The Common Stock trades on the NYSE under the symbol "IFN".

該基金由abrdn Asia Limited管理和提供諮詢。普通股在紐約證券交易所上市,股票代碼爲 “IFN”。

In the United States, abrdn is the marketing name for the following affiliated, registered investment advisers: abrdn Inc., abrdn Investments Limited, abrdn Asia Limited, abrdn Private Equity (Europe) Limited, and abrdn ETFs Advisors LLC.

在美國,abrdn是以下關聯註冊投資顧問的營銷名稱:abrdn Inc.、abrdn Investments Limited、abrdn Asia Limited、abrdn私募股權(歐洲)有限公司和abrdn ETF Advisors LLC。

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 of Common Stock 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 NAV of the fund's portfolio. There is no assurance that the Fund will achieve its investment objective. Past performance does not guarantee future results.

封閉式基金通過其中一個證券交易所在二級市場上交易。該基金的投資回報率和本金價值將波動,因此投資者的普通股價值可能高於或低於原始成本。封閉式基金股票的交易價格可能高於(溢價)或低於(折扣)該基金投資組合的資產淨值。無法保證該基金將實現其投資目標。過去的表現並不能保證未來的業績。

If you wish to receive this information electronically, please contact Investor.Relations@abrdn.com

如果您希望通過電子方式接收這些信息,請聯繫 Investor.Relations@abrdn.com

abrdnifn.com

abrdnifn.com

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For More Information Contact:

欲了解更多信息,請聯繫:

abrdn U.S. Closed-End Funds
Investor Relations
1-800-522-5465
Investor.Relations@abrdn.com

bardn 美國封閉式基金
投資者關係
1-800-522-5465
Investor.Relations@abrdn.com

SOURCE: The India Fund, Inc.

來源:印度基金公司


声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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