The Korea Fund, Inc. Announces Final Results of Tender Offer
As previously announced, the Fund conducted a tender offer to purchase for cash up to
Since the Fund’s tender offer was oversubscribed, the Fund will purchase
Number of
|
Number
|
Pro-
|
Purchase
|
Number of
|
||||||||||||||
3,196,339 |
604,144 |
18.901 |
% |
$ |
26.42 |
4,229,009 |
The Fund will purchase the common shares that it has accepted for payment as promptly as possible. Stockholders may obtain further information regarding the Tender Offer from EQ Fund Solutions, the Fund’s Information Agent for the Tender Offer, at (877) 361-7964.
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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.
Statements made in this release that look forward in time involve risks and uncertainties and are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such risks and uncertainties include, without limitation, the adverse effect from a decline in the securities markets or a decline in the Fund's performance, a general downturn in the economy, competition from other companies, changes in government policy or regulation, inability to attract or retain key employees, inability to implement its operating strategy and/or acquisition strategy, and unforeseen costs and other effects related to legal proceedings or investigations of governmental and self-regulatory organizations.
This announcement is not an offer to purchase or the solicitation of an offer to sell shares of the Fund or a prospectus, circular or representation intended for use in the purchase or sale of Fund shares.
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.
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Contacts
Julian Reid (Chairman of the Board): +44 7768 068 200
Stockholder Servicing Agent: 866 706 0510
The Korea Fund, Inc. www.thekoreafund.com
Source: The Korea Fund, Inc.