PHILADELPHIA, March 13, 2018 /PRNewswire/ -- Aberdeen
Indonesia Fund, Inc. (NYSE American: IF) (the "Fund") announced
that it has postponed the special meeting of shareholders (the
"Special Meeting") that was scheduled to be held on Friday, March 16, 2018 to allow for the
solicitation of additional proxies. Votes received so far have been
overwhelmingly in favor of the Agreement and Plan of Reorganization
(described below).
The rescheduled Special Meeting will be held on Monday, April 2, 2018, at the offices of Aberdeen
Asset Management Inc., 1735 Market Street, 32nd Floor, Philadelphia, Pennsylvania 19103. The
Special Meeting will be held at 10:00 am
ET.
The purpose of the Special Meeting is to seek shareholder
approval of an Agreement and Plan of Reorganization between the
Fund and Aberdeen Chile Fund, Inc. ("CH" or the "Acquiring
Fund"). Subject to the requisite approval of the
shareholders of each target fund participating in the
reorganization, it is currently expected that the closing date will
be prior to the end of April 2018;
however, this is subject to change depending on the timing of each
target fund's shareholder approval.
Important Information
This press release does not constitute an offer to purchase or a
solicitation of an offer to sell shares.
The proxy materials for the Special Meeting contain important
information; please read them carefully. Copies of the Joint Proxy
Statement/Prospectus are available for free on the Securities and
Exchange Commission's web site at www.sec.gov or by visiting the
Fund's web site at
http://www.aberdeenif.com/en/usclosedif/announcements or by
calling 1-888-288-0951.
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.
If you wish to receive this information
electronically, please contact
InvestorRelations@aberdeenstandard.com
aberdeenif.com
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SOURCE Aberdeen Indonesia Fund, Inc.