other material
confidence high
sentiment neutral
materiality 0.75
India Fund (IFN) launches rights offering: 1 new share per 3 rights at $8.50, expires May 14
ABERDEEN INDIA FUND, INC.
- Record date April 18, 2024; each share held receives one right; three rights buy one new common share at $8.50.
- Up to 10,352,100 new common shares offered; rights expire 5:00 PM ET on May 14, 2024.
- Over-subscription privilege allows full subscribers to request additional shares subject to proration.
- UBS Securities LLC serves as dealer manager; EQ Fund Solutions as subscription and information agent.
- Offering made under effective shelf registration (File No. 333-276892); prospectus supplement dated April 18, 2024.