PHILADELPHIA, March 30, 2017 /PRNewswire/ -- Aberdeen Israel Fund, Inc. (the "Fund") (NYSE MKT: ISL) held its Annual Meeting of Shareholders (the "Meeting") on March 30, 2017. At the Meeting, shareholders of the Fund voted to re-elect two Class II Directors to the Board of Directors.
As of the record date, February 6, 2017, there were 3,963,785 outstanding shares of the Fund. 85.96% of the outstanding shares were voted at the Meeting representing a quorum.
The description of the proposal and number of shares voted at the Meeting are as follows:
To elect two Class II Directors to the Board of Directors:
Votes For | Votes Against | Abstain | |
James J. Cattano | 3,219,257 | 127,165 | 60,937 |
Steven N. Rappaport | 3,242,254 | 122,887 | 42,218 |
Directors whose term of office continued beyond the Meeting are as follows: Enrique R. Arzac and Lawrence J. Fox.
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.
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aberdeenisl.com
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SOURCE Aberdeen Israel Fund, Inc.
