PHILADELPHIA, June 23, 2016 /PRNewswire/ -- The India Fund, Inc. (the "Fund") (NYSE: IFN) held its Annual Meeting of Stockholders (the "Meeting") on June 22, 2016. At the Meeting, stockholders of the Fund voted to elect one Class I Director and three Class III Directors to the Board of Directors, each to hold office until the 2018 and 2019 Annual Meeting of Stockholders, respectively, or thereafter until his or her successor is elected and qualified.
As of the record date, April 29, 2016, there were 29,023,958 outstanding shares of the Fund. 77.16% of outstanding shares were voted at the meeting, representing a quorum.
The description of the proposal and number of shares voted at the Meeting are as follows:
To elect one Class I Director and three Class III Directors to the Board of Directors:
Votes For |
Votes Against |
Abstain |
|
Class I |
|||
Nisha Kumar |
20,940,029 |
963,181 |
490,643 |
Class III |
|||
J. Marc Hardy |
19,001,184 |
2,898,714 |
493,955 |
Hugh Young |
19,139,028 |
2,758,282 |
496,543 |
Nancy Yao Maasbach |
20,957,329 |
991,886 |
444,640 |
Directors whose terms of office continue beyond the Meeting are as follows: Jeswald W. Salacuse, Martin Gilbert, Stephane R. F. Henry, Luis F. Rubio, and Leslie H. Gelb.
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 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 the Fund will achieve its investment objective.
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SOURCE The India Fund, Inc.
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