The India Fund, Inc. (NYSE: IFN; the “Fund”) announced today a
distribution of $0.67 per share payable on January 15, 2009 in cash or
stock pursuant to the Fund’s dividend reinvestment and cash purchase
plan to the shareholders of record on December 31, 2008. The ex date of
the distribution is December 29, 2008. The distribution represents the
Fund’s estimated net capital gains for the 2008 calendar year and
includes $0.67 per share in long-term capital gains. Although this
distribution is payable in 2009, it will be treated as having been paid
by the Fund and received by the stockholders as of December 31, 2008.
The Fund 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 L.P.
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,” “continue,” 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.
Blackstone Asia Advisors L.L.C.
1-866-800-8933
