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The Biggest Supreme Court Decisions Of 2024AppLovin Stock, Up 750% in 2024, Is Down Sharply. This Could Be Why. - Barron's

Khushwant Singh, one of India’s most celebrated authors, was known for his sharp wit, bold narratives, and insightful commentary on Indian society. With a literary career spanning several decades, Singh’s works covered themes of partition, love, history, and the human condition. Here is a comprehensive guide to his books in chronological order, capturing his evolution as a writer. 1. The Mark of Vishnu, and Other Stories (1950) This debut collection of short stories showcased Khushwant Singh’s flair for storytelling. Each tale, infused with irony and humour, delved into the complexities of human behaviour and societal norms in India. 2. Train to Pakistan (1956) A poignant tale of the partition of India, this novel remains one of Singh’s most acclaimed works. Through the lens of a fictional village, Mano Majra, Singh portrayed the devastating human cost of the partition with raw emotion and unflinching honesty. 3. I Shall Not Hear the Nightingale (1959) Set during World War II and the Indian freedom struggle, this novel explored themes of loyalty, rebellion, and familial conflict. It painted a vivid picture of life in British-occupied Punjab. 4. A Bride for the Sahib (1967) This novella is a light-hearted exploration of cultural differences and romantic encounters, showcasing Singh’s knack for humour and irony. 5. Delhi (1984) A historical novel interwoven with personal narrative, Delhi is a masterpiece that spans centuries, capturing the rise and fall of the city through the eyes of a cynical narrator and his relationships. It’s a bold and evocative work that reflects Singh’s deep love for Delhi. 6. The Collected Short Stories (1989) This anthology brought together some of Singh’s finest short stories, displaying his versatility as a writer and his ability to portray the complexities of Indian life with simplicity and humour. 7. Not a Nice Man to Know (1992) A collection of essays, anecdotes, and stories, this book offered readers a glimpse into Singh’s life and his unapologetic views on politics, religion, and society. 8. The Company of Women (1999) A controversial novel, The Company of Women delves into themes of love, lust, and loneliness, reflecting Singh’s candid approach to exploring human relationships. 9. Burial at Sea (2004) This political thriller combined Singh’s storytelling prowess with his deep understanding of history and international affairs, weaving a tale of espionage and power dynamics. 10. Paradise and Other Stories (2004) A collection of short stories that explored the human experience, touching on themes of desire, morality, and identity with Singh’s signature wit and insight. 11. The Portrait of a Lady (2009) This beautifully crafted memoir-like short story was inspired by Singh’s own grandmother, offering a poignant reflection on love, loss, and the passage of time. 12. Sunset Club (2010) A reflective and nostalgic novel, Sunset Club follows three elderly friends as they gather at Lodhi Gardens in Delhi to discuss life, politics, and mortality. 13. Land of Five Rivers (2012) This anthology of stories celebrated the vibrant culture and history of Punjab, a region close to Singh’s heart. 14. 99 (2014) One of Singh’s last works, this book featured his reflections on life, humour, and the people he encountered throughout his illustrious career. 15. Untold Love Stories From India (2014) This posthumously published work brought together lesser-known tales of love, showcasing Singh’s ability to capture the nuances of relationships. 16. Maharaja in Denims (2014) Co-written with Amritjit Singh, this novel blended history and fiction, exploring the legacy of Maharaja Ranjit Singh through a modern lens. Get Latest News Live on Times Now along with Breaking News and Top Headlines from Features, Lifestyle and around the world.

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American Airlines has recently taken delivery of a new Boeing 737 MAX 8 , registered as N315UA —a tail number once used by United Airlines . The aircraft, which arrived in the airline's fleet on December 24, 2024, marks an interesting chapter in American’s fleet expansion, particularly given the significance of its tail number’s previous ownership. FlightAware data shows that on December 24, the aircraft was ferried from Boeing Field in Seattle (BFI) to Dallas/Fort Worth International Airport (DFW), where it officially entered service with American Airlines. The flight, AA9825, took off from Boeing Field at 12:35 local time and landed in Dallas at 18:05 local time. What are the possible reasons? While the aircraft is undeniably new, its registration number—N315UA—has raised eyebrows, as it was once worn by a United Airlines Boeing 737-300 , according to the data on planespotters.net . This earlier iteration of the aircraft first flew for United in December 1987, where it operated for over two decades before being retired and ultimately scrapped in late 2009. For aviation enthusiasts and industry observers, the decision by American Airlines to register its new aircraft with the old United tail number is notable for a few reasons. JonNYC, a well-known aviation watchdog, speculated that American might have opted for this specific registration because of the limitations in its existing number pool following the merger. He explained on social media that the airline likely wanted to maintain a certain nose number on the registration, but the options were limited, leading to the reuse of a number from United’s former aircraft. The N number seen on the aircraft is assigned to aircraft registered in the United States . The United States was given the designation "N" as its nationality under the 1919 International Air Navigation Convention. In general aviation aircraft, the nationality is indicated by a single letter, followed by four or five identity letters and a hyphen. American's new Boeing 737 MAX 8: The aircraft, now part of American’s growing 737 MAX fleet, is the airline’s 66th MAX delivery, further solidifying its commitment to modernizing its fleet with more fuel-efficient and technologically advanced aircraft. Passengers may enjoy a contemporary and cozy experience in the Boeing 737 MAX 8 cabin operated by American Airlines. According to the company's website , it features 172 seats in total and is separated into three sections: Main Cabin, Main Cabin Extra, and First Class. The 16 seats in First Class have a roomy 37-inch pitch and 21-inch seat width, providing plenty of legroom and entertainment for personal devices. The main Cabin Extra, which has 24 seats with a 33-inch pitch and slightly larger seats (16.6–17.8 inches), is in the bulkhead and exit rows. With a 30-inch pitch and seat widths varying from 16.6 to 17.8 inches, the Main Cabin can accommodate 132 passengers. Wi-Fi and entertainment for personal devices are available in every area, ensuring a connected and pleasurable flying experience. Furthermore, there are power outlets all around the cabin, enabling travelers to charge their electronics while traveling. The Oneworld Alliance member, commands second overall total capacity at the Arizona airport. Fleet expansion and future deliveries As of the end of 2024, American Airlines has a total of 66 Boeing 737 MAX 8 aircraft in its fleet. Of these, 64 are currently in service, while 2 are parked, planespotters.net information shows . The airline expects to take delivery of an additional 6 MAX 8s in the near future, continuing its fleet modernization efforts. With an average age of just 4.2 years, the 737 MAX 8s are relatively new additions to American’s fleet, offering improved fuel efficiency, reduced emissions, and enhanced passenger comfort compared to older models. These aircraft are a central part of the airline's strategy to modernize its narrowbody fleet and improve overall operational efficiency. In March 2024, American ordered 260 new narrowbody planes , including 85 of Boeing’s long-delayed 737 Max 10. The carrier also said that it would also convert orders for 30 Boeing 737 Max 8 planes, a model that is already in its fleet, into the larger variant Boeing 737 MAX 10 s.

Shares of SBC Medical Group Holdings Incorporated ( NASDAQ:SBC – Get Free Report ) shot up 4.7% during mid-day trading on Thursday . The stock traded as high as $5.62 and last traded at $5.62. 8,533 shares were traded during mid-day trading, a decline of 82% from the average session volume of 46,697 shares. The stock had previously closed at $5.37. SBC Medical Group Stock Performance The company has a debt-to-equity ratio of 0.06, a current ratio of 2.79 and a quick ratio of 2.76. The business has a 50-day moving average of $6.59. SBC Medical Group Company Profile ( Get Free Report ) SBC Medical Group Holdings Incorporated, through its subsidiaries, provides services to support the operation of clinics which deliver specialized medical services in the areas of cosmetic medicine, esthetic dentistry and Androgenetic Alopecia or AGA, primarily in Japan and centered on the SBC Shonan Beauty Clinic Brand. Featured Stories Receive News & Ratings for SBC Medical Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SBC Medical Group and related companies with MarketBeat.com's FREE daily email newsletter .NEW YORK (AP) — U.S. stocks rose to records Tuesday after Donald Trump’s created only some ripples on Wall Street, even if they could were they to take effect. The S&P 500 climbed 0.6% to top the it set a couple weeks ago. The Dow Jones Industrial Average added 123 points, or 0.3%, to set the day before, while the Nasdaq composite gained 0.6% as Microsoft and Big Tech led the way. Stock markets abroad mostly fell after said he on Mexico, Canada and once he takes office. But the movements were mostly modest. Stock indexes were down 0.1% in Shanghai and nearly flat in Hong Kong, while Canada’s main index edged down by less than 0.1%. Trump has often praised the , but investors are weighing whether his latest threat will actually become policy or is just an opening point for negotiations. For now, the market seems to be taking it more as the latter. The consequences otherwise for markets and the global economy could be painful. Unless the United States can prepare alternatives for the autos, energy products and other goods that come from Mexico, Canada and China, such tariffs would raise the price of imported items all at once and make households poorer, according to Carl Weinberg and Rubeela Farooqi, economists at High Frequency Economics. They would also hurt profit margins for U.S. companies, while raising the threat of retaliatory tariffs by other countries. And unlike tariffs in Trump’s first term, his latest proposal would affect products across the board. General Motors sank 9%, and Ford Motor fell 2.6% because both import automobiles from Mexico. Constellation Brands, which sells Modelo and other Mexican beer brands in the United States, dropped 3.3%. The value of the Mexican peso fell 1.8% against the U.S. dollar. Beyond the pain such tariffs would cause U.S. households and businesses, they could also push the Federal Reserve to slow or even halt its cuts to interest rates. The Fed had just begun from a two-decade high a couple months ago to offer support for the . While lower interest rates can boost the economy, they can also offer more fuel for inflation. “Many” officials at the Fed’s earlier this month said they should lower rates gradually, according to released Tuesday afternoon. The talk about tariffs overshadowed another mixed set of profit reports from U.S. retailers that answered few questions about how much more shoppers can keep spending. They’ll need to stay resilient after helping the economy avoid a recession, despite the high interest rates imposed by the Fed to get inflation under control. A report on Tuesday from the Conference Board said improved in November, but not by as much as economists expected. tumbled 17% after its results for the latest quarter fell short of analysts’ expectations. CEO Tom Kingsbury said sales remain soft for apparel and footwear. A day earlier, Kingsbury said he plans to step down as CEO in January. Ashley Buchanan, CEO of Michaels and a retail veteran, will replace him. fell 4.9% after likewise falling short of analysts’ expectations. Dick’s Sporting Goods topped forecasts for the latest quarter thanks to a strong back-to-school season, but its stock lost an early gain to fall 1.4%. Still, more stocks rose in the S&P 500 than fell. J.M. Smucker had one of the biggest gains and climbed 5.7% after topping analysts’ expectations for the latest quarter. CEO Mark Smucker credited strength for its Uncrustables, Meow Mix, Café Bustelo and Jif brands. also helped prop up U.S. indexes. Gains of 3.2% for Amazon and 2.2% for Microsoft were the two strongest forces lifting the S&P 500. All told, the S&P 500 rose 34.26 points to 6,021.63. The Dow gained 123.74 to 44,860.31, and the Nasdaq composite climbed 119.46 to 19,174.30. In the bond market, Treasury yields held relatively steady following their big drop from a day before driven by relief following Trump’s pick for Treasury secretary. The yield on the 10-year Treasury inched up to 4.29% from 4.28% late Monday, but it’s still well below the 4.41% level where it ended last week. In the crypto market, bitcoin continued to pull back after late last week. It’s since dipped back toward $91,000, according to CoinDesk. It’s a sharp turnaround from the following Trump’s election. That boom had also appeared to have spilled into some corners of the stock market. Strategists at Barclays Capital pointed to stocks of unprofitable companies, along with other areas that can be caught up in bursts of optimism by smaller-pocketed “retail” investors. AP Business Writer Elaine Kurtenbach contributed.Former Akron mayor Dennis Horrigan nominated for Cleveland Heights city administrator

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Srinagar : Kashmir valley remained snowbound on Friday, December 28, with intermittent snow and rain lashing Jammu and Kashmir during the day. All flights to and from Srinagar International Airport were cancelled, while train service was restored to the valley in the afternoon. Officials at Srinagar airport said that due to continuous snowfall and very low visibility, all flights to and from the airport have been cancelled. Train service to the valley resumed in the afternoon after the railway staff restored the tracks. Srinagar-Jammu national highway remained closed after hundreds of vehicles got stuck between the Pir Panjal tunnel and Srinagar city. Authorities kept toiling for the whole day, clearing stranded vehicles and attending to the needs of tourists and others stranded on the highway. Senior officials including the district magistrates of Kulgam and Anantnag supervised relief and restoration exercises as the SSPs of both these directs spent the entire day on the road with police personnel pushing stranded vehicles, attending to water and other requirements of travellers. Chief Minister Omar Abdullah took meetings of senior officials to ensure early restoration of electric power supply, clearance of roads and preparedness at the medical facilities to attend to emergencies caused by the unprecedented snowfall. The district administration at all the districts in Kashmir valley moved out show clearance machines to restore all roads connecting the districts with each other and towns to the district headquarters. Despite its vagaries, snowfall has been a welcome occurrence as J&K was reeling under a four-month-long dry spell. Heavy snowfall in the mountains has replenished the perennial water reservoirs in J&K that sustain various rivers, streams, springs, lakes and other water bodies during the summer months.

NEW YORK — If you’re planning on ringing in the new year quietly at home, you’re not alone. A majority of U.S adults intend to celebrate New Year’s Eve at home, according to a new poll by The Associated Press-NORC Center for Public Affairs Research. “As I’ve gotten older over the last few years, it’s like if I don’t make it to midnight, it’s not a big deal, you know?” says Carla Woods, 70, from Vinton, Iowa. Nearly 2 in 10 will be celebrating at a friend or family member’s home, and just 5% plan to go out to celebrate at a bar, restaurant or organized event, the poll found. But many U.S. adults will celebrate the new year in a different way — by making a resolution. More than half say they’ll make at least one resolution for 2025. There’s some optimism about the year ahead, although more than half aren’t expecting a positive change. About 4 in 10 say 2025 will be a better year for them personally. About one-third don’t expect much of a difference between 2024 and 2025, and about one-quarter think 2025 will be a worse year than 2024. Relaxed New Year’s Eve plans for many Kourtney Kershaw, a 32-year-old bartender in Chicago, often fields questions from customers and friends about upcoming events for New Year’s Eve. She said this year is trending toward low-key. “A majority of who I’ve spoken to in my age range, they want to go out, but they don’t know what they’re going to do because they haven’t found anything or things are just really expensive,” she said. “Party packages or an entry fee are like a turnoff, especially with the climate of the world and how much things cost.” As expected, younger people are more interested in ringing in the new year at a bar or organized event — about 1 in 10 U.S. adults under 30 say they plan to do that. But about 3 in 10 older adults — 60 and above — say they won’t celebrate the beginning of 2025 at all. Anthony Tremblay, 35, from Pittsburgh, doesn’t usually go out to toast the arrival of the new year, but this year he’s got something special cooked up: He and his wife will be traveling through Ireland. “I don’t do anything too crazy for New Year’s, usually. So this is definitely a change,” he said. “I wanted to do something unique this year, so I did.” Woods will be working New Year’s Eve and New Year’s Day. She answers calls on The Iowa Warmline, a confidential, noncrisis listening line for people struggling with mental health or substance use issues. “Holidays are really hard for people, so I don’t mind working,” she said. “I’m passionate about it because I have mental health issues in the family and so being able to help people is rewarding to me.” Younger Americans are more likely to make a resolution Every New Year’s also triggers the eternal debate about resolutions. A majority of U.S. adults say they intend to make a New Year’s resolution of some type, but millennials and Gen Z are especially likely to be on board — about two-thirds expect to do so, compared to about half of older adults. Women are also more likely than men to say they will set a goal for 2025. Tremblay hopes to lose some weight and focus more on self-care — more sleep, meditation and breathing exercises. “It’s probably a good year to focus on mental health,” he said. Many others agree. About 3 in 10 adults choose resolutions involving exercise or eating healthier. About one-quarter said they’ll make a resolution involving losing weight and a similar number said they’ll resolve to make changes about priorities of money or mental health. Woods’ resolutions are to stay social and active. As a mental health counselor, she knows those are key to a happy 2025 and beyond: “Probably one of my biggest resolutions is trying to make sure I stay social, try to get out at least once a week — get out and either have coffee or do something with a friend. That’s not only for the physical but also for the mental health part.” Kershaw, the bartender, says weight loss and better health are the top resolutions she hears people make. “Mental health is the new one, but I think it’s high up there as well as with regular health,” she said. She prefers more goal-oriented resolutions and, this time, it’s to do more traveling and see more of the world: “I don’t know if that’s really a resolution, but that’s a goal that I’m setting.” And how will she welcome the arrival of 2025? Usually, she takes the night off and stays home watching movies with plenty of snacks, but this year Kershaw has a different plan, maybe one of the most Chicago things you can do. This die-hard sports fan will be at Wrigley Field on Tuesday watching the Chicago Blackhawks take on the St. Louis Blues. “Hockey’s my favorite sport. So I will be watching hockey and bringing in the new year,” she said.Crypto debit cards have emerged as a practical tool for spending cryptocurrency, converting digital currencies into fiat money at the point of sale. Designed to simplify everyday transactions, these cards can be used at millions of merchants globally, bridging the gap between crypto and traditional finance. Such cards operate like regular debit cards, facilitating seamless transactions without the need for prior conversion of crypto to fiat. Issued in collaboration with major payment processors like Visa and Mastercard, crypto debit cards offer ease in both online and offline environments. They are especially advantageous for users keen on using their digital assets but face limitations due to merchants who do not accept cryptocurrencies directly. These cards negate this issue by converting crypto into the accepted fiat currency instantly during purchases. Functioning similarly to prepaid cards, crypto debit cards require linking to a crypto wallet to conduct payments and withdrawals. While they come with fees such as maintenance and conversion charges, they also offer benefits, like rewards for usage and withdrawal capabilities at crypto ATMs. However, users are cautioned about potential security risks and the importance of maintaining privacy. When compared to crypto credit cards, crypto debit cards allow spending only what is available in the wallet, while credit cards function more like traditional ones with deferred payments and potential interest charges. Both types of cards offer unique rewards, but they cater to different spending habits. Acquiring a crypto debit card involves selecting a suitable provider, completing identification verification processes, funding the associated crypto wallet, and then activating the card for use. While numerous platforms offer these cards, prospective users should consider factors such as fees, supported cryptocurrencies, global acceptance, rewards, and security features when making a choice. Several challenges persist for crypto debit cards, including hacking risks, high transaction fees, and regulatory uncertainties. Transactions conducted through these cards are considered taxable events, as they involve converting crypto into fiat, potentially resulting in capital gains or losses. Looking forward, crypto debit cards seem poised to become more integrated into mainstream finance. Broader global acceptance and improved security measures may enhance their appeal, alongside offering additional features such as staking rewards and lending options. As the regulatory landscape becomes clearer, widespread adoption of these cards is anticipated, with further advancements in connected technology providing users with greater flexibility in managing digital assets.

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Have you ever seen a mother hen clucking to keep her chicks together? That’s a lot like what party leaders in politics do—they try to keep their members from wandering off. But sometimes, politicians, or netas , decide to switch teams. And that’s where the drama begins! In Delhi, the Aam Aadmi Party (AAP) gave six politicians who had joined them from other parties a big reward: tickets to run in the assembly elections. These six had actually lost to AAP in earlier elections, but now AAP is betting on them to help fight something called “anti-incumbency.” That’s when voters get tired of the leaders currently in power. AAP thinks these fresh faces will help keep their team strong. But here’s the catch: what happens to the AAP members who didn’t get picked? They might feel upset and decide to join another party! In politics, switching sides—called “defection”—is pretty common. Parties often “poach” members from other teams, hoping to weaken their competition. It’s like a game where everyone is trying to grab the best players. But just like in a kitchen, not all eggs come out sunny side up! Some politicians, like Bihar’s Jitan Ram Manjhi, are masters of this game. He’s switched sides many times, jumping between parties but always staying in power for over 40 years. At the end of the day, political parties have to work hard to keep their members happy. If they don’t? Well, those “chicks” might just fly the coop—and come back to cause trouble!Andrew Callahan: It’s time to forget about Jerod Mayo getting firedNOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Madison Metals Inc. ("Madison" or the "Company") GREN MMTLF 4EF is pleased to announce that it intends to complete a private placement financing consisting of the sale of up to 6,000,000 units (the " Units ") in the capital of the Company at a price of CDN$0.30 per Unit for aggregate gross proceeds of up to CDN$2,000,000 (the " Offering "). Each Unit consists of one (1) common share (a " Common Share ") and one-half (1/2) common share purchase warrant (each whole common share purchase warrant, a " Warrant "). Each full Warrant entitles the holder thereof to purchase one Common Share in the capital of the Company for a price of $0.45 for a period of eighteen (18) months from the date of the closing of the Offering. Concurrently with closing of the Offering, the Company also intends to settle debt owed to various creditors in an aggregate amount of $300,000 through the issuance of Common Shares at a deemed price of $0.30 per Common Share. Two of the creditors, Duane Parnham and Roger Laine, are insiders of the Company, and the issuance of securities to the insiders will be considered to be a "related party transaction" subject to the requirements of TSXV Policy 5.9 and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (" MI 61-101 "). The Company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that value of the securities issued to the insiders will not exceed 25% of the Company's market capitalization. The Company intends to use the proceeds from the Offering primarily to commence drilling activities at the Company's Howells Lake Antimony Gold Project and for general and administrative expenses. No finders' fees are payable in connection with the Offering. About Madison Metals Inc. Madison Metals Inc. is a forward-focused critical minerals and energy company, powering the future of clean energy and advanced technologies. Backed by seasoned management expertise and prime resource assets, Madison Metals is strategically positioned to meet the rising global demand for critical minerals. By leveraging its technical, managerial, and financial expertise, the company upgrades and creates high-value projects while joint venturing non-core assets to generate cash flow, driving growth and delivering value for its shareholders. Additional information about Madison Metals Inc. can be found at madisonmetals.ca and on the Company's SEDAR+ profile at sedarplus.ca . For further information, please contact: Duane Parnham Executive Chairman & CEO Madison Metals Inc. +1 (416) 489-0092 ir@madisonmetals.ca Media inquiries: Adam Bello Manager, Media & Analyst Relations Primoris Group Inc. +1 (416) 489-0092 media@primorisgroup.com Neither the Canadian Securities Exchange nor CIRO accepts responsibility for the adequacy or accuracy of this release. Forward-looking Statements This news release contains "forward-looking information" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as "may", "will", "expect", "likely", "should", "would", "plan", "anticipate", "intend", "potential", "proposed", "estimate", "believe" or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions "may" or "will" happen, or by discussions of strategy. Forward-looking information contained in this press release includes, but is not limited to, statements relating to the terms and timing of the private placement described in this press release and the anticipated uses of the proceeds raised from such private placement. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that: the Company will receive all necessary approval required in order to complete the issuance of the securities pursuant to the private placement described in in this press release; that the Company will be able to commence the exploration activities it intends to use the proceeds from the Offering for; and that there will be sufficient interest from potential investors in order to complete the private placement on the terms as described herein or at all. However, forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by such forward-looking statements. Such risks include, but are not limited to, the risk that the Company will not be able to proceed with the issuance of units on the terms described in this press release or at all; and that the Company will not have the necessary resources, financial or otherwise, to conduct the planned exploration activities referenced in this press release. Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. The Company does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking information. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

PHILADELPHIA, PA / ACCESSWIRE / December 10, 2024 / abrdn Emerging Markets Equity Income Fund, Inc. (NYSE American:AEF) announces results of a strategic review conducted by the Fund's Board of Directors (the "Board") at a meeting held today. The Board has approved multiple changes to the Fund including: (1) changes to the Fund's name and 80% non-fundamental investment policy; (2) a 20% tender offer to be offered in the first quarter of 2025; (3) a new 3-year performance-based conditional tender offer policy commencing on March 1, 2025; and (4) an increase to its annualized distribution rate from 6.5% to 10% effective with the distribution that will be declared in March 2025. Fund Name Change and Changes to Non-Fundamental Investment Policy The Fund's Board has approved changes to the Fund's name, its non-fundamental 80% investment policy, and its benchmark, as set forth below. There will be no change to the Fund's investment objective and the Fund will continue to trade on the NYSE American under ticker symbol "AEF". The name change and change to the 80% investment policy will be effective on or about February 24, 2025 (the "Effective Date") following 60 days' notice to Fund shareholders and may only be changed thereafter by the Board of the Fund following the provision of at least 60 days' written notice to the Fund's shareholders. Current New Fund Name abrdn Emerging Markets Equity Income Fund, Inc. abrdn Emerging Markets ex-China Fund, Inc. 80% Investment Policy The Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in emerging markets equity securities. Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in emerging markets (excluding China) equity securities. Benchmark MSCI Emerging Markets Index (Net Daily Total Return) MSCI Emerging Markets ex-China Index (Net Daily Total Return) In approving the strategy and name change, the Board considered, among other factors, that as the only U.S. closed-end fund currently offering the emerging market ex-China strategy, the Fund will be less driven by the policy actions of the Chinese government, and more driven by stock fundamentals, which aligns with Management's style of bottom-up investing. The Fund will remain a non-diversified, closed-end management investment company whose objective is to provide both current income and long-term appreciation. Tender Offer The Fund is also announcing approval by the Board to pay a cash tender offer which will purchase up to 20% of the Fund's issued and outstanding shares at a price per share to be equal to 98% of the Fund's NAV per share as determined by the Fund on the next business day following the expiration date of the tender offer (the "2025 Tender Offer"). This 2025 Tender Offer will replace the Fund's current conditional tender offer policy announced in May 2023. Further details and timing will be announced ahead of the Effective Date of the Fund's investment strategy changes. Update to the Fund's Conditional Tender Offer Policy As part of the Board's commitment to shareholders relating to the investment strategy changes, the Board has adopted a policy (the "Policy") pursuant to which it will cause the Fund to conduct a one-time tender offer for twenty percent (20%) of its then issued and outstanding shares of common stock on or before June 30, 2028, if the Fund's total return investment performance measured on a NAV basis does not equal or exceed the total return investment performance of the MSCI Emerging Markets ex-China Index (Net Daily Total Return) during the period commencing on March 1, 2025 and ending on February 28, 2028. The price at which shares are to be tendered and other terms and conditions of such tender offer would be determined by the Board in its discretion based on its review and consideration of the then-current size of the Fund, market conditions and other factors it deems relevant. Annualized Distribution Rate Increase and Declaration of Next Distribution The Fund is also announcing that, as part of the strategic changes, the Board approved an increase to its annualized distribution rate from 6.5% to 10%, commencing with the quarterly distribution payable in March 2025. The actual amount of the distribution will continue to be based on the average daily net asset value ("NAV") for the previous three months as of the month-end prior to declaration. The Fund intends to maintain the increased distribution rate for at least the 12 months following the effective increase, unless there is a significant and unforeseen change in market conditions. This policy will be subject to regular review by the Board. The policy is expected to provide a steady and sustainable quarterly cash distribution to Fund shareholders that may help reduce any discount to NAV at which the Fund's shares trade. There is no assurance that the Fund will achieve these results. Important Information At the end of each calendar year, a Form 1099-DIV will be sent to shareholders, which will state the amount and composition of the Fund's distributions and provide information with respect to their appropriate tax treatment for the prior calendar year. You should not draw any conclusions about the Fund's investment performance from the amount of the distributions. Circular 230 disclosure: To ensure compliance with requirements imposed by the U.S. Treasury, we inform you that any U.S. tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code of 1986, as amended, or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. In the United States, abrdn is the marketing name for the following affiliated, registered investment advisers: abrdn Inc., abrdn Investments Limited, and abrdn Asia Limited. 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 NAV of the Fund's portfolio. There is no assurance that the Fund will achieve its investment objective. Past performance does not guarantee future results. www.abrdnaef.com ### For More Information Contact: abrdn U.S. Closed-End Funds Investor Relations 1-800-522-5465 Investor.Relations@abrdn.com SOURCE: abrdn Emerging Markets Equity Income Fund, Inc. View the original on accesswire.com

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