The Korea Fund, Inc. Declares Year-End Distribution
18 Décembre 2020 - 10:05PM
Business Wire
The Board of Directors of The Korea Fund, Inc. (the “Fund”)
(NYSE: KF) announced today they have declared a net investment
income dividend of $0.5255 per share, payable on January 11, 2021,
to stockholders of record on December 28, 2020, with an ex-dividend
date of December 24, 2020.
The actual composition and character of the distributions stated
above may be materially different from the composition or
characterization of such distributions that existed at the time of
this press release and may be comprised of net investment income,
capital gains and/or return of capital. Factors contributing to the
composition and character include the varied nature of the Fund's
investments and the performance of those investments, and that the
ultimate characterization of the Fund's distributions cannot
finally 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 as applicable regarding the
composition of the distribution 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 composition or character of the Fund's
distributions at the time of this press release and neither the
Fund, Allianz Global Investors U.S. LLC (“AllianzGI U.S.”), nor any
of their directors, members, officers or employees assumes
responsibility for such statements.
This notice should not be used to prepare tax returns. In
January 2021, Form 1099-DIV (or substitute Form 1099-DIV) will be
sent to stockholders and will specify how the distribution should
be characterized on a stockholder’s tax return for the 2020
calendar year.
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.”
AllianzGI U.S. is the Fund’s investment manager. Investment in
closed-end funds involves risks. Additional risks are associated
with international investing, such as currency fluctuation,
government regulations, economic changes and differences in
liquidity, which may increase the volatility of your investment.
Foreign security markets generally exhibit greater price volatility
and are less liquid than the U.S. market. Additionally, this Fund
focuses its investments in certain geographical regions, thereby
increasing its vulnerability to developments in that region. All of
these factors potentially subject the Fund’s shares to greater
price volatility. The net asset value of the Fund will fluctuate
with the value of the underlying securities. Closed-end funds trade
on their market value, not net asset value, and closed-end funds
often trade at a discount to their net asset value.
The Fund’s daily New York Stock Exchange closing market price
and net asset value per share, 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 (800) 254-5197.
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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version on businesswire.com: https://www.businesswire.com/news/home/20201218005460/en/
The Korea Fund, Inc. Financial Advisors: (800) 926-4456
Shareholders: (800) 254-5197 Media Relations: (212) 739-3172 Julian
Reid (Chairman of the Board) +44-7768 068 200
Korea (NYSE:KF)
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