« Previous | All Messages |  IFN Message Board Home | recommend post |  Ignore Poster

IFN News The India Fund, Inc. Dividend Announcement

NEW YORK--(BUSINESS WIRE)--The India Fund, Inc. (NYSE: IFN; the “Fund”) announced today that it would declare a dividend of $3.46 per share payable in cash or stock pursuant to the Fund’s dividend reinvestment and cash purchase plan on January 12, 2007 to the stockholders of record on December 29, 2006. The ex date of the dividend is December 27, 2006. The dividend represents the estimated net investment income for the 2006 calendar year.

The India Fund, Inc. is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in Indian equity securities. The Fund conducts semi-annual repurchase offers and is traded on the New York Stock Exchange under the trading symbol “IFN”.

Blackstone Asia Advisors L.L.C. serves as the Investment Manager to the Fund. The Investment Manager is an affiliate of The Blackstone Group.

Information on the Fund can be obtained on the Blackstone website (www.blackstone.com) or by calling the Fund’s toll-free phone number at 1-866-800-8933.

This press release may contain statements regarding plans and expectations for the future that constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking and can be identified by the use of words such as “may,” “will,” “expect,” “anticipate,” “estimate,” “believe,” or other similar words. Such forward-looking statements are based on the Fund’s current plans and expectations, and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Additional information concerning such risks and uncertainties are contained in the Fund’s filings with the Securities and Exchange Commission.