Abrdn U.S. Closed-End Funds Announce Results of Annual Meeting of Shareholders

Rhea-AI Summary

abrdn U.S. Closed-End Funds held their Annual Meeting of Shareholders on May 26, 2022, where key proposals were voted on for The India Fund, Inc. (IFN) and Aberdeen Standard Global Infrastructure Income Fund (ASGI). IFN had 67.77% of its shares voted, resulting in successful elections for two Class III Directors, Hugh Young and Nancy Yao Maasbach. ASGI reported 79.68% of shares voted, leading to the election of Class II Trustees P. Gerald Malone and Todd Reit. These meetings reflect shareholder engagement in governance and strategic direction.

Positive

• Successful election of directors and trustees indicates strong shareholder confidence.
• High voter turnout reflects active engagement from shareholders.

Negative

• None.

PHILADELPHIA, PA / ACCESSWIRE / May 26, 2022 / The following abrdn U.S. Closed-End Funds announced they each held their Annual Meeting of Shareholders (the "Meetings") on May 26, 2022. At the Meetings, shareholders of the respective Funds voted on the proposals set forth below:

The India Fund, Inc. ("IFN")

As of the record date, April 11, 2022, IFN had outstanding 27,317,259 shares of common stock. 67.77% of outstanding common stock were voted representing a quorum.

To elect two Class III Directors to the Board of Directors:

	Votes For	Votes Withheld	Votes Abstained
Hugh Young	17,271,650	1,020,513	219,861
Nancy Yao Maasbach	17,365,100	944,407	202,516

To approve the continuation of Term for three Directors under the Corporate Governance Policies:

	Votes For	Votes Against/Withheld	Votes Abstained
Jeswald Salacuse	17,444,681	859,316	208,028
Luis Rubio	17,452,798	854,294	204,931
Hugh Young	17,313,703	993,573	204,747

Aberdeen Standard Global Infrastructure Income Fund ("ASGI")

As of the record date, April 11, 2022, ASGI had outstanding 8,855,000 shares of common stock. 79.68% of the outstanding shares were voted at the Meeting representing a quorum.

To elect two Class II Trustees to the Board of Trustees:

	Votes For	Votes Withheld
P. Gerald Malone	6,974,773	81,111
Todd Reit	6,985,949	69,935

In the United States, abrdn is the marketing name for the following affiliated, registered investment advisers: abrdn Inc., Aberdeen Asset Managers Ltd., abrdn Australia Limited, abrdn Asia Limited, Aberdeen Capital Management, LLC, abrdn ETFs Advisors LLC and Aberdeen Standard Alternative Funds Limited.

Closed-end funds are traded on the secondary market through one of the stock exchanges. A 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 a Fund will achieve its investment objective. Past performance does not guarantee future results.

https://www.abrdn.com/en-us/cefinvestorcenter/fund-centre/closed-end-funds

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For More Information Contact:
abrdn U.S. Closed-End Funds
Investor Relations
800-522-5465
Investor.Relations@abrdn.com

SOURCE: abrdn U.S. Closed-End Funds

View source version on accesswire.com:
https://www.accesswire.com/702950/Abrdn-US-Closed-End-Funds-Announce-Results-of-Annual-Meeting-of-Shareholders

FAQ

What were the results of the Annual Meeting for The India Fund, Inc. (IFN) held on May 26, 2022?

During the Annual Meeting for The India Fund, Inc. (IFN) on May 26, 2022, shareholders voted to elect Hugh Young and Nancy Yao Maasbach as Class III Directors.

What were the voting percentages for Aberdeen Standard Global Infrastructure Income Fund (ASGI) on May 26, 2022?

Aberdeen Standard Global Infrastructure Income Fund (ASGI) had 79.68% of its outstanding shares voted at the Annual Meeting held on May 26, 2022.

Who were elected as Class II Trustees for ASGI in the May 26, 2022 meeting?

P. Gerald Malone and Todd Reit were elected as Class II Trustees for Aberdeen Standard Global Infrastructure Income Fund (ASGI) at the meeting on May 26, 2022.

What percentage of shares were voted in the Annual Meeting for IFN on May 26, 2022?

67.77% of the outstanding common stock of The India Fund, Inc. (IFN) were voted in the Annual Meeting held on May 26, 2022.

When was the Annual Meeting of Shareholders for abrdn U.S. Closed-End Funds held?

The Annual Meeting of Shareholders for abrdn U.S. Closed-End Funds was held on May 26, 2022.