COMMUNIQUÉ DE PRESSE

par Abrdn U.S. Closed-End Funds (NASDAQ:ACP)

abrdn U.S. Closed-End Funds Announce Distribution Payment Details

PHILADELPHIA, PA / ACCESSWIRE / March 28, 2024 / The abrdn U.S. Closed-End Funds (NYSE:ASGI, HQH, HQL, IFN, JEQ, THQ, THW) (NYSE American:IAF), (the "Funds" or individually the "Fund"), today announced that the Funds paid the distributions noted in the table below on March 28, 2024, on a per share basis to all shareholders of record as of March 21, 2024 (ex-dividend date March 20, 2024). These dates apply to the Funds listed below with the exception of abrdn Healthcare Investors (HQH), abrdn Life Sciences Investors (HQL), the abrdn Australia Equity Fund, Inc. (IAF), the India Fund, Inc. (IFN) and the abrdn Japan Equity Fund, Inc. (JEQ) which will pay on March 28, 2024, to all shareholders of record as of February 22, 2024 (ex-dividend date February 21, 2024).

Ticker

Exchange

Fund

Amount

ASGINYSEabrdn Global Infrastructure Income Fund$0.1500
HQHNYSEabrdn Healthcare Investors$0.4800
HQLNYSEabrdn Life Sciences Investors$0.3900
IAFNYSE AmericanAbrdn Australia Equity Fund, Inc.$0.1200
IFNNYSEThe India Fund, Inc.$0.4300
JEQNYSEAbrdn Japan Equity Fund, Inc.$0.1100
THQNYSEabrdn Healthcare Opportunities Fund$0.1800
THWNYSEabrdn World Healthcare Fund$0.1167

Each Fund has adopted a distribution policy to provide investors with a stable distribution out of current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital.

For the abrdn Healthcare Investors (HQH), abrdn Life Sciences Investors (HQL), the abrdn Australia Equity Fund, Inc. (IAF), the India Fund, Inc. (IFN) and the abrdn Japan Equity Fund, Inc. (JEQ) the stock distributions were automatically paid in newly issued shares of the Fund unless otherwise instructed by the shareholder to be paid in cash. Shares of common stock were issued at the lower of the net asset value ("NAV") per share or the market price per share with a floor for the NAV of not less than 95% of the market price on March 19, 2024. The reinvestment prices per share for these distributions were as follows: $16.49 for the abrdn Healthcare Investors (HQH); $13.40 for the abrdn Life Sciences Investors (HQL); $4.16 for the abrdn Australia Equity Fund, Inc. (IAF); $18.4775 for the India Fund, Inc. (IFN) and $6.20 for the abrdn Japan Equity Fund, Inc. (JEQ). Fractional shares were generally settled in cash, except for registered shareholders with book entry accounts at Computershare Investor Services who had whole and fractional shares added to their account.

To have received the abrdn Healthcare Investors (HQH), abrdn Life Sciences Investors (HQL), Abrdn Australia Equity Fund, Inc. (IAF), the India Fund, Inc. (IFN) and the abrdn Japan Equity Fund, Inc. (JEQ) quarterly distributions payable in March 2024 in cash instead of shares of common stock, for shareholders who hold shares in "street name," the bank, brokerage or nominee who holds the shares must have advised the Depository Trust Company as to the full and fractional shares for which they want the distribution paid in cash by March 18, 2024; and for shares that are held in registered form, written notification for the election of cash by registered shareholders must have been received by Computershare Investor Services prior to March 18, 2024

Under applicable U.S. tax rules, the amount and character of distributable income for each Fund's 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 Funds may be required to indicate to shareholders the estimated source of certain distributions to shareholders.

The following tables set forth the estimated amounts of the sources of the distributions for purposes of Section 19 of the 1940 Act and the rules adopted thereunder. The tables have been computed based on generally accepted accounting principles. The tables include estimated amounts and percentages for the current distributions paid this month as well as for the cumulative distributions paid relating to fiscal year to date, from the following sources: net investment income; net realized short-term capital gains; net realized long-term capital gains; and return of capital. The estimated compositions of the distributions may vary because the estimated composition may be impacted by future income, expenses and realized gains and losses on securities and currencies.

The Funds' estimated sources of the current distribution paid this month and for its current fiscal year to date are as follows:

Estimated Amounts of Current Distribution per Share

Fund

Distribution Amount

Net Investment Income

Net Realized Short-Term Gains**

Net Realized Long-Term Gains

Return of Capital

ASGI

$0.1500

$0.0120

8%

$0.0015

1%

$0.1080

72%

$0.0285

19%

HQH

$0.4800

-

-

-

-

$0.0480

10%

$0.4320

90%

HQL

$0.3900

-

-

-

-

-

-

$0.3900

100%

IAF

$0.1200

$0.0228

19%

-

-

-

-

$0.0972

81%

IFN

$0.4300

-

-

-

-

$0.4300

100%

-

-

JEQ

$0.1100

$0.0143

13%

-

-

-

-

$0.0957

87%

THQ

$0.1800

-

-

$0.0108

6%

$0.0018

1%

$0.1674

93%

THW

$0.1167

-

-

-

-

-

-

$0.1167

100%

Estimated Amounts of Fiscal Year* to Date Cumulative Distributions per Share

Fund

Distribution Amount

Net Investment Income

Net Realized Short-Term Gains **

Net Realized Long-Term Gains

Return of Capital

ASGI

$0.8200

$0.0656

8%

$0.0082

1%

$0.5904

72%

$0.1558

19%

HQH

$0.8600

-

-

-

-

$0.0860

10%

$0.7740

90%

HQL

$0.6900

-

-

-

-

-

-

$0.6900

100%

IAF

$0.2300

$0.0437

19%

-

-

-

-

$0.1863

81%

IFN

$0.4300

-

-

-

-

$0.4300

100%

-

-

JEQ

$0.2100

$0.0273

13%

-

-

-

-

$0.1827

87%

THQ

$0.8100

-

-

$0.0486

6%

$0.0081

1%

$0.7533

93%

THW

$0.7002

-

-

-

-

-

-

$0.7002

100%

* ASGI, HQH, HQL, THQ and THW have a 9/30 fiscal year end. IAF and JEQ have a 10/31 fiscal year end. IFN has a 12/31 fiscal year end.

**includes currency gains

Where the estimated amounts above show a portion of the distribution to be a "Return of Capital," it means that Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur for example, when some or all the money that you invested in a Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with "yield" or "income."

The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax reporting purposes. The final determination of the source of all distributions for the current year will only be made after year-end. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of the fiscal year and may be subject to change based on tax regulations. After the end of each calendar year, a Form 1099-DIV will be sent to shareholders for the prior calendar year that will tell you how to report these distributions for federal income tax purposes.

The following tables provide the Funds' total return performance based on net asset value (NAV) over various time periods compared to the Funds' annualized and cumulative distribution rates.

Fund Performance and Distribution Rate Information

Fund

Average Annual Total Return on NAV for the 5 Year Period Ending 02/29/2024¹

Current Fiscal Period's Annualized Distribution Rate on NAV

Cumulative Total Return on NAV¹

Cumulative Distribution Rate on NAV²

ASGI³

7.45%3

8.60%

8.80%

3.35%

THQ

9.84%

8.61%

12.88%

2.87%

THW

8.02%

11.48%

9.30%

4.78%

1 Return data is net of all Fund expenses and fees and assumes the reinvestment of all distributions reinvested at prices obtained under the Fund's dividend reinvestment plan.

2 Based on the Fund's NAV as of February 29, 2024.

3 The Fund launched within the past 5 years; the performance and distribution rate information presented reflects data from inception (July 29, 2020) through February 29, 2024.

Fund Performance and Distribution Rate Information

Fund

Average Annual Total Return on NAV for the 5 Year Period Ending 01/31/2024¹

Current Fiscal Period's Annualized Distribution Rate on NAV

Cumulative Total Return on NAV¹

Cumulative Distribution Rate on NAV²

HQH

6.50%

7.57%

9.06%

1.89%

HQL

6.29%

7.33%

11.53%

1.83%

IAF

8.54%

9.07%

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