The India Fund, Inc. Announces Special Cash Election Distribution

      The India Fund, Inc. Announces Special Cash Election Distribution

PR Newswire

PHILADELPHIA, Dec. 7, 2012

PHILADELPHIA, Dec.7, 2012 /PRNewswire/ --The India Fund, Inc. (the "Fund")
(NYSE: IFN), announced today that the Fund's Board of Directors has declared a
capital gain and net investment income distribution in the amount of $2.371234
per share. The capital gain portion of the distribution is comprised of
long-term capital gains of $2.220834 per share. The net investment income
portion of the distribution is $0.150400 per share.

(Logo: http://photos.prnewswire.com/prnh/20121106/NE07292LOGO)

The distribution will be payable on January 31, 2013 to stockholders of record
on December 21, 2012. The distribution will be paid in shares of the Fund's
common stock. Stockholders may, however, request that their distribution be
paid in cash in lieu of common stock. The Fund will limit the aggregate
amount of cash to be paid out in the distribution to all stockholders to 20%
of the aggregate dollar amount of the total distribution. Any cash paid in
lieu of fractional shares will not count toward this limit. If cash
distribution requests exceed this limit, the Fund will pro-rate the cash
distribution among all stockholders who have made such requests, based on the
amounts requested. Stockholders electing cash, who do not receive 100% of the
distribution in cash, will receive the balance in shares of common stock of
the Fund.

Stockholder requests to receive cash in lieu of stock must be received by
Computershare Shareowner Services, LLC the Fund's Election Agent, not later
than 5:00 p.m. (New York time) on January 24, 2013. All fractional shares
will be paid in cash.

The per share value of shares of the Fund's common stock to be issued in the
distribution will be determined on January 25, 2013. The per share value will
be the average trading price of the Fund's common shares on the New York Stock
Exchange as of the close of trading during a three-business day period ending
on January 25, 2013. Although the distribution is payable in 2013, it will be
treated as having been paid by the Fund and received by stockholders as of
December 31, 2012.

The Board of Directors considered available options, including an all-cash
distribution, the payment of an excise tax and postponement of the
distribution payment, and a cash election distribution with higher caps or no
cap on the cash component, and approved the capped cash election distribution
at the proposed 20% level for the following reasons:

  oThe size of the distribution relative to the size of the Fund.
  oThe adverse long-term impact on the Fund's gross total expense ratio and
    investable capital if the distribution was paid entirely in cash.
  oThe potential market impact of selling the Fund's portfolio securities at
    a time when market conditions may be less favorable to stockholders'
    long-term interests and the transaction costs associated with such
    disposals.
  oThe tax implications if further gains were generated as a result of the
    sale of portfolio securities to raise cash to meet an all-cash or
    high-cash distribution.

A written notice of the planned distribution will be sent to stockholders.
The written notice will include instructions on how stockholders can request
to receive cash in lieu of stock.

Stockholders who have questions regarding the distribution may contact AST
Fund Solutions, LLC at 1-866-406-2283.

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

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. Past performance does not
guarantee future results.

If you wish to receive this information electronically, please contact:
InvestorRelations@aberdeen-asset.com

www.aberdeenifn.com

SOURCE The India Fund, Inc.

Website: http://www.aberdeenifn.com
Contact: Aberdeen Asset Management Inc., Investor Relations, +1-866-839-5205,
InvestorRelations@aberdeen-asset.com
 
Press spacebar to pause and continue. Press esc to stop.