The China Fund, Inc. Announces New Shareholder Distribution
The Board of Directors of The China Fund, Inc. has made an important announcement regarding a new distribution for shareholders. The declared distribution is set at $0.1497 for each share, and this amount is entirely derived from ordinary income.
Details of the Distribution
This distribution will be paid on January 10 to stockholders who are on record by December 30. It is crucial for all investors to note that the ex-dividend date is also December 30, indicating the last date on which the shares must be held to qualify for the upcoming distribution.
Dividend Reinvestment and Cash Purchase Plan
The Fund offers a Dividend Reinvestment and Cash Purchase Plan designed to facilitate automatic participation for stockholders. Unless specifically instructed otherwise in writing to Computershare Trust Company, N.A., all distributions will be reinvested. It’s worth noting that if shares of the Fund are trading at a premium over their net asset value (NAV) at the time of the distribution payment, stockholders will receive shares valued at NAV. Conversely, if the shares are trading at a discount, shares will be issued based on the market price at that time.
Understanding the Benefits of the Plan
This plan supports stockholders by allowing them to reinvest dividends without incurring any fees related to the reinvestment of dividends or capital gains. It provides an opportunity for investors to enhance their investment in the Fund through automatic reinvestment of earnings.
How to Opt-Out of the Plan
Stockholders who prefer to receive their distributions in cash can easily opt out by notifying the Plan Agent in writing at the designated address. This flexibility ensures that investors can choose the method that works best for their financial strategy.
Contact Information
For any inquiries regarding the distributions or general questions about The China Fund, investors can reach out to EQ Fund Solutions, LLC at 1-888-CHN-CALL (246-2255). This resource provides assistance to stockholders looking for more insights into their investments.
About The China Fund, Inc.
The China Fund, Inc. is structured as a closed-end management investment company focusing on long-term capital appreciation. The Fund primarily invests in equity securities of companies whose principal trading market is in China or those that earn at least half of their revenues from operations related to China.
Investment Strategy Overview
While the Fund is authorized to invest directly in Chinese companies, it currently holds no such investments. Instead, it aims to leverage opportunities in companies that have substantial revenues originating from the Chinese market. The shares of The China Fund are listed on the New York Stock Exchange under the ticker symbol "CHN," which makes it accessible to a wide array of investors.
Investment Management
The investment management for The China Fund is provided by Matthews International Capital Management, LLC, which applies its expertise to help achieve the Fund's objectives strategically. This partnership aims to optimize investment performance while navigating complexities in the market.
Frequently Asked Questions
What is the declared distribution amount for The China Fund, Inc.?
The Board has declared a distribution of $0.1497 per share for stockholders.
When will the distribution be paid to shareholders?
The distribution will be paid on January 10 to shareholders of record by December 30.
What is the Dividend Reinvestment and Cash Purchase Plan?
This plan allows shareholders to automatically reinvest their distributions unless they opt out by notifying the Plan Agent.
How can shareholders contact the Fund for more information?
Investors can reach EQ Fund Solutions, LLC at 1-888-CHN-CALL (246-2255) for inquiries.
What is the investment focus of The China Fund, Inc.?
The Fund primarily invests in equities of companies associated with the Chinese market and aims for long-term capital appreciation.
