Press Release: The Korea Fund, Inc. Declares Year-End Distribution
The Korea Fund, Inc. Declares Year-End Distribution
NEW YORK--(BUSINESS WIRE)--December 18, 2020--
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201218005460/en/
CONTACT: 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
(END) Dow Jones Newswires
December 18, 2020 16:05 ET (21:05 GMT)
新闻稿:韩国基金公司宣布年终分配
韩国基金公司宣布年终分配
纽约--(美国商业新闻网)--2020年12月18日--
亚洲网加利福尼亚州圣何塞12月28日电韩国基金公司(以下简称“基金”)(纽约证券交易所市场代码:KF)董事会今天宣布,他们已宣布将于2021年1月11日向2020年12月28日登记在册的股东支付每股0.5255美元的净投资收益红利,除红利日期为2020年12月24日。
上述分配的实际构成和特征可能与本新闻稿发布时存在的此类分配的构成或特征有很大不同,可能包括净投资收入、资本利得和/或资本回报。造成这一构成和性质的因素包括基金投资的不同性质和这些投资的业绩,基金分配的最终特征要到基金财政年度结束后才能最终确定,因此,如果基金分配总额超过其财政年度的投资净收入和已实现资本净收益,就有可能返还资本。有关分销构成的更多信息(如适用)将在支付日期之后在www.thekoreafund.com上公布。
由于前述和其他因素,在本新闻稿发布时,无法保证基金分配的实际构成或性质,基金、安联全球投资者美国有限责任公司(“安联全球投资者美国”)及其任何董事、成员、管理人员或员工均不对此类陈述承担责任。在本新闻稿发布时,基金、安联全球投资者美国有限责任公司(“安联全球投资者美国公司”)及其任何董事、成员、高级管理人员或员工均不对此类陈述承担责任。
本通知书不应用作拟备报税表。2021年1月,1099-DIV表格(或替代表格1099-DIV)将发送给股东,并将具体说明如何在2020历年的股东纳税申报单上描述分配情况。
韩国基金公司是一家非多元化封闭式投资公司。该基金主要通过投资于韩国证券交易所的股票证券交易来寻求长期资本增值。它的股票在纽约证券交易所上市,代码是“KF”。
AllianzGI U.S.是该基金的投资经理。投资封闭式基金涉及风险。额外的风险与国际投资有关,如货币波动、政府监管、经济变化和流动性差异,这可能会增加你的投资的波动性。与美国市场相比,外国证券市场通常表现出更大的价格波动性和更低的流动性。此外,该基金将投资重点放在某些地理区域,从而增加了其受该区域事态发展影响的脆弱性。所有这些因素都可能使国际货币基金组织的股票面临更大的价格波动。基金的资产净值将随相关证券的价值而波动。封闭式基金的交易依据是它们的市值,而不是资产净值,而封闭式基金的交易价格往往低于其资产净值。
基金每日纽约证券交易所收盘价和每股资产净值以及其他信息,包括最新的投资组合统计数据和业绩,可在www.thekoreafund.com上查阅,或致电基金股东服务代理,电话:(800)254-5197。
本新闻稿中所作的前瞻性陈述涉及风险和不确定性,属于“1995年私人证券诉讼改革法”所指的前瞻性陈述。这些风险和不确定因素包括但不限于证券市场下跌或基金业绩下降带来的不利影响、经济普遍下滑、来自其他公司的竞争、政府政策或法规的变化、无法吸引或留住关键员工、无法实施其经营战略和/或收购战略,以及与法律诉讼或对政府和自律组织的调查相关的不可预见的成本和其他影响。
本公告不是购买或征集出售基金股份的要约,也不是打算用于购买或出售基金股份的招股说明书、通函或陈述。
基金份额不是FDIC保险的,也不是任何银行的存款或其他义务,也不是由任何银行担保的。基金份额涉及投资风险,包括可能的本金损失。
在business wire.com上查看源代码版本:https://www.businesswire.com/news/home/20201218005460/en/
联系人:韩国基金公司
财务顾问:(800)926-4456
股东:(800)254-5197
媒体关系部:(212)739-3172
朱利安·里德(董事会主席)电话:+44-7768 068 200
(完)道琼斯通讯社
2020年12月18日东部时间16:05(格林尼治标准时间21:05)