The India Fund Inc. Announces Distribution

PHILADELPHIA, PA / ACCESSWIRE / July 5, 2024 / The India Fund, Inc. (“IFN”) (the “Fund”) announced today that the Fund paid the distribution set forth in the table below on July 5, 2024, per share, to all shareholders of record as of May 30, 2024 (ex-dividend date May 30, 2024).

Teleprinter	Exchange	Funds	Amount
Interferon	New York stock market	The India Fund, Inc.	$0.4500

The Fund has adopted a distribution policy aimed at providing investors with a stable distribution from current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital.

For India Fund, Inc. (IFN), the share distribution was automatically paid in the form of newly issued shares of the Fund, unless the shareholder otherwise instructed for payment in cash. Common shares were issued at the lower of the net asset value per share or the market price per share, with a floor for the net asset value of at least 95% of the market price as of June 28, 2024. The reinvestment price per share for this distribution was $17.67. Fractional shares were generally settled in cash, except for registered shareholders with book-entry accounts at Computershare Investor Services who had whole and fractional shares added to their account.

To receive the India Fund, Inc. quarterly distribution payable in July 2024 in cash instead of common shares, for shareholders holding shares in “street name,” the bank, brokerage firm or nominee holding the shares must have notified the Depository Trust Company of the whole and fractional shares for which they wish to have the distribution paid in cash by June 20, 2024; and for shares held in registered form, written notice of the shareholders’ election of cash must have been received by Computershare Investor Services by June 20, 2024.

Under applicable U.S. tax rules, the amount and character of distributable income for the Fund’s fiscal year cannot be finally determined until the end of the Fund’s fiscal year. However, pursuant to Section 19 of the Investment Company Act of 1940, as amended (the “1940 Act”) and related rules, the Fund may be required to disclose to shareholders the estimated source of certain distributions to shareholders.

The following tables set forth the estimated amounts of the sources of distributions for purposes of Section 19 of the 1940 Act and the rules adopted thereunder. The tables have been calculated on the basis of generally accepted accounting principles. The tables include the estimated amounts and percentages of current distributions paid this month and cumulative distributions paid for the year to date from the following sources: net investment income; net short-term realized capital gains; net long-term realized capital gains; and return of capital. The estimated composition of distributions may vary because it may be affected by future income, expenses, and realized gains and losses on securities and currencies.

The estimated sources of current distributions paid by the Fund this month and for its current fiscal year to date are as follows:

* The IFN’s financial year ends on December 31.

**includes exchange gains

Where the estimated amounts above indicate that a portion of the distribution is a “return of capital,” this means that the Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money you invested in a Fund is returned to you. A return of capital distribution does not necessarily reflect the investment performance of the Fund and should not be confused with “yield” or “income.”

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

The following table shows the Fund’s total return based on net asset value (NAV) over various periods, compared to the Fund’s annualized and cumulative distribution rates.

¹ Performance data is net of all Fund expenses and charges and assumes reinvestment of all distributions at prices earned under the Fund’s dividend reinvestment plan.
² Based on the Fund’s net asset value as of April 30, 2024.

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

Although the net asset value 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 market price of the Fund, which is based on supply and demand for the Fund’s shares in the open market.

Pursuant to an exemptive relief order granted by the Securities and Exchange Commission, the Funds may distribute long-term capital gains more frequently than the limits provided in Section 19(b) of the 1940 Act and Rule 19b-1 thereunder. Accordingly, distributions made by the Funds during the year may include net income, short-term capital gains, long-term capital gains and/or return of capital. Dividends on net income and dividends on short-term capital gains, while generally taxable at ordinary income rates, may be eligible, to the extent of qualified dividend income earned by the Funds, to be taxed at a lower rate not exceeding the maximum rate applicable to your long-term capital gains. Distributions made during a calendar year in excess of the investment company’s taxable income and net capital gain are treated as taxable ordinary dividends to the extent of retained earnings and profits and then as a return of capital that reduces the adjusted basis of the shares held. To the extent that return of capital distributions exceed the adjusted basis of the shares held, the capital gain is recognized with a holding period based on the period the shares were held to 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 result in an increase in the Fund’s annual operating expense ratio and a decrease in the Fund’s market price per share to the extent that the market price is closely related to the Fund’s net asset value per share. The Distribution Policy may also have an adverse impact on the Fund’s investment activities to the extent that the Fund is required to hold larger cash positions than it would otherwise hold or to the extent that the Fund must liquidate securities that it would not have sold, in order to pay the distribution. The Board of Directors of each Fund has the right to change, suspend or terminate the Distribution Policy at any time. Changes to, suspension or termination of the Distribution Policy may affect the Fund’s market price per share. Investors should consult their tax advisors regarding federal, state and local tax considerations that may be applicable to their particular circumstances.

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

In the United States, abrdn is the trade name of the following affiliated and registered investment advisors: abrdn Inc., abrdn Investments Limited, abrdn Asia Limited, and abrdn ETFs Advisors LLC.

Closed-end funds are traded in the secondary market through one of the exchanges. The investment return and principal value of a fund fluctuate so that an investor’s shares may be worth more or less than their original cost. Shares of closed-end funds may trade above (premium) or below (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 is no guarantee of future results.

The Indian Fund, Inc. (abrdnifn.com)

For more information, contact:

US Closed End Funds abrdn
Investor Relations
1-800-522-5465
(protected email)

SOURCE: The India Fund, Inc.