Eye Catching Stock News: The India Fund (NYSE:IFN)

The India Fund (NYSE:IFN) spotted trading -7.23% off 52-week high price. On the other end, the stock has been noted 5.82% away from the low price over the last 52-weeks. The stock changed 1.18% to recent value of $20.54. The stock transacted 127719 shares during most recent day however it has an average volume of 95.70K shares. The company has 26.90M of outstanding shares.

On Jan. 10, 2020, The India Fund (NYSE:IFN) a closed-end equity fund, released that it paid on January 10, 2020, a distribution of US$0.57 per share to all shareholders of record as of December 31, 2019 (ex-dividend date December 30, 2019).

The Fund’s distribution policy (the Distribution Policy) is to pay quarterly distributions at an annual rate, set once a year, that is a percentage of the average daily NAV for the previous three months as of the month-end prior to declaration. In February 2019, the Board determined the rolling distribution rate to continue to be 10% for the 12-month period commencing with the distribution payable in March 2019. The Distribution Policy is subject to regular review by the Board. The Distribution Policy seeks to provide investors with a stable quarterly distribution out of current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital.

Your Fund’s policy is to provide investors with a stable distribution rate.  Each quarterly distribution will be paid out of current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital.

Under U.S. tax rules applicable to the Fund, the amount and character of distributable income for each fiscal year can be finally determined only as of the end of the Fund’s fiscal year. However, under Section 19 of the Investment Company Act of 1940, as amended (the 1940 Act) and related Rules, the Fund may be required to indicate to shareholders the source of certain distributions to shareholders.

The price moved ahead of -0.44% from the mean of 20 days, -0.83% from mean of 50 days SMA and performed -1.17% from mean of 200 days price. Company’s performance for the week was 1.58%, -0.24% for month and YTD performance remained 2.04%.

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