CORRECTING and REPLACING The Korea Fund, Inc. Declares Cash Dividend Distribution
The updated release reads:
THE KOREA FUND, INC. DECLARES CASH DIVIDEND DISTRIBUTION
The Board of Directors of The Korea Fund, Inc. (the "Fund") (NYSE:KF) announced today they have declared a dividend distribution of
As of today until January 6, 2025, being the date of payment of the dividend, the Fund temporarily suspended its share repurchase program.
While the total amount of the distribution will not change, the characterization for tax purposes, as stated above, may be different from the characterization of such distributions that existed at the time of this press release. Factors contributing to the character include the varied nature of the Fund's investments and the performance of those investments. The ultimate characterization of the Fund's distributions cannot be determined until the end of the Fund's fiscal year, resulting in the possibility of a return of capital if the Fund makes total distributions in an amount that exceeds its net investment income and net realized capital gains during its fiscal year. Additional information regarding the distributions will be made available at www.thekoreafund.com after the payable date. As a result of the foregoing and other factors, no assurance can be given as to the actual characterization of the Fund's distributions for tax purposes at the time of this press release and neither the Fund, JPMorgan Asset Management (
The Korea Fund, Inc. is a non-diversified, closed-end investment company. The Fund seeks long-term capital appreciation through investing primarily in equity securities trading on the Korean stock exchanges. Its shares are listed on the New York Stock Exchange under the symbol “KF.”
JPMorgan Asset Management (
The Fund’s daily New York Stock Exchange closing market price and NAV, as well as other information, including updated portfolio statistics and performance are available at www.thekoreafund.com or by calling the Fund’s stockholder servicing agent at (866) 706 0510.
This press release contains no recommendations to buy or sell any specific securities and should not be considered investment advice of any kind. Past performance is no guarantee of future results and the investment returns generated by the Fund will fluctuate. There can be no assurance the Fund will meet its stated objective. There is no assurance that the market price of the Fund’s shares, either absolutely or relative to NAV, will increase as a result of any share repurchases. In making any investment decision, individuals should utilize other information sources and the advice of their own professional adviser.
Fund shares are not FDIC-insured and are not deposits or other obligations of, or guaranteed by, any bank. Fund shares involve investment risk, including possible loss of principal.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241216718455/en/
The Korea Fund, Inc. www.thekoreafund.com
Stockholder Servicing Agent: 866 706 0510
Julian Reid (Chairman of the Board): +44 7768 068 200
Source: The Korea Fund, Inc.