ABERDEEN INVESTMENTS U.S. CLOSED-END FUNDS ANNOUNCE RESULTS OF ANNUAL MEETING OF SHAREHOLDERS
Written by Emily J. Thompson, Senior Investment Analyst
Source: Yahoo Finance
Annual Meetings Held: Aberdeen Investments U.S. Closed-End Funds conducted their Annual Meeting of Shareholders on May 28, 2025, where various proposals were voted on by shareholders across multiple funds, including the election of directors and the continuation of terms for existing directors.
Voting Results: The meetings reported significant shareholder participation, with various candidates receiving majority votes for their respective positions, indicating strong support for the current governance structure within the funds.
Analyst Views on IFN
Wall Street analysts forecast IFN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IFN is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 14.040
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Current: 14.040
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About IFN
The India Fund, Inc. (the Fund) is a non-diversified closed-end management investment company. The Fund's investment objective is long-term capital appreciation, which the Fund seeks to achieve by investing primarily in the equity securities of Indian companies. Under normal market conditions, at least 80% of the Fund's total assets are invested in equity securities of Indian companies. The equity securities include common and preferred stock, (including convertible preferred stock), American, global, or other types of depositary receipts, or American Depositary Receipts (ADRs), convertible bonds, notes and debentures, equity interests in trusts, partnerships, joint ventures or similar enterprises and common stock purchase warrants and rights. The Fund invests in various sectors, including financials, information technology, consumer staples, materials, consumer discretionary, real estate, communication services, and others. The Fund's investment manager is abrdn Asia Limited.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
