The China Fund, Inc. (NYSE: CHN) today announced its financial results for its first fiscal quarter ended January 31, 2020. The Fund is a closed-end management investment company with the objective of seeking long-term capital appreciation by investing primarily in equity securities (i) of companies for which the principal securities trading market is the People's Republic of China ("China"), or (ii) of companies for which the principal securities trading market is outside of China, or constituting direct equity investments in companies organized outside of China, that in both cases derive at least 50% of their revenues from goods and services sold or produced, or have at least 50% of their assets, in China. Whilst the Fund is permitted to invest in direct equity investments of companies organized in China, it presently holds no such investments.
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The Board of Directors (the "Board") of The China Fund, Inc. (the "Fund") has declared capital gain and net investment income distributions in the estimated aggregate amount of $1.3843 per share. The capital gain portion of the distributions is comprised of long-term capital gains estimated at $1.2523 per share. The net investment income portion of the distributions is estimated to be $0.1320 per share. The distribution will be payable on January 10, 2020 to stockholders of record on December 30, 2019, with an ex-dividend date of December 27, 2019.
The Board of Directors (the "Board") of the China Fund, Inc. (NYSE: CHN) (the "Fund") announced today that effective immediately it will include on the Fund's website under "Daily Prices" the Fund's net asset value per share prior to any fair valuation adjustments that may be made from time to time ("Unadjusted NAV") in addition to the Fund's official net asset value per share ("Official NAV") reflecting any such adjustments. The addition of the Unadjusted NAV on the Fund's website is part of the Board's ongoing efforts to provide shareholders with increased transparency.
The Board of Directors (the "Board") of The China Fund, Inc. (the "Fund") confirms the capital gain and net investment income distributions in the estimated aggregate amount of $1.3843 per share for the 2019 year-end distributions. The capital gain portion of the distributions is comprised of long-term capital gains estimated at $1.2523 per share. The net investment income portion of the distributions is estimated to be $0.1320 per share. As previously announced, the distribution will be payable on January 10, 2020 to stockholders of record on December 30, 2019, with an ex-dividend date of December 27, 2019.
The Board of Directors of the China Fund, Inc. (NYSE: CHN) (the "Fund") announced today that it will continue the temporary suspension of the Fund's Discount Management Program ("DMP"), which was initiated on Monday, March 16, 2020.
The China Fund, Inc. (NYSE: CHN) (the "Fund") announced today that the Fund's annual stockholder meeting (the "Meeting") will be held Thursday, March 12, 2020 at 9:00 AM at the offices of Morgan, Lewis & Bockius LLP at 101 Park Ave, New York, NY. Stockholders of record as of January 10, 2020 will be entitled to notice of, and to attend and vote at, the Meeting.
NEW YORK , Sept. 13, 2019 /PRNewswire/ -- The China Fund, Inc. (NYSE: CHN) today announced its financial results for its third fiscal quarter ended July 31 , 2019. The Fund is a closed-end management ...