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)
新聞稿:韓國基金公司宣佈年終分配
韓國基金公司宣佈年終分配
紐約--(美國商業新聞網)--2020年12月18日--
亞洲網加利福尼亞州聖何塞12月28日電韓國基金公司(以下簡稱“基金”)(紐約證券交易所市場代碼:KF)董事會今天宣佈,他們已宣佈將於2021年1月11日向2020年12月28日登記在冊的股東支付每股0.5255美元的淨投資收益紅利,除紅利日期為2020年12月24日。
上述分配的實際構成和特徵可能與本新聞稿發佈時存在的此類分配的構成或特徵有很大不同,可能包括淨投資收入、資本利得和/或資本回報。造成這一構成和性質的因素包括基金投資的不同性質和這些投資的業績,基金分配的最終特徵要到基金財政年度結束後才能最終確定,因此,如果基金分配總額超過其財政年度的投資淨收入和已實現資本淨收益,就有可能返還資本。有關分銷構成的更多信息(如適用)將在支付日期之後在www.thekoreafund.com上公佈。
由於前述和其他因素,在本新聞稿發佈時,無法保證基金分配的實際構成或性質,基金、安聯全球投資者美國有限責任公司(“安聯全球投資者美國”)及其任何董事、成員、管理人員或員工均不對此類陳述承擔責任。在本新聞稿發佈時,基金、安聯全球投資者美國有限責任公司(“安聯全球投資者美國公司”)及其任何董事、成員、高級管理人員或員工均不對此類陳述承擔責任。
本通知書不應用作擬備報税表。2021年1月,1099-DIV表格(或替代表格1099-DIV)將發送給股東,並將具體説明如何在2020歷年的股東納税申報單上描述分配情況。
韓國基金公司是一家非多元化封閉式投資公司。該基金主要通過投資於韓國證券交易所的股票證券交易來尋求長期資本增值。它的股票在紐約證券交易所上市,代碼是“KF”。
AllianzGI U.S.是該基金的投資經理。投資封閉式基金涉及風險。額外的風險與國際投資有關,如貨幣波動、政府監管、經濟變化和流動性差異,這可能會增加你的投資的波動性。與美國市場相比,外國證券市場通常表現出更大的價格波動性和更低的流動性。此外,該基金將投資重點放在某些地理區域,從而增加了其受該區域事態發展影響的脆弱性。所有這些因素都可能使國際貨幣基金組織的股票面臨更大的價格波動。基金的資產淨值將隨相關證券的價值而波動。封閉式基金的交易依據是它們的市值,而不是資產淨值,而封閉式基金的交易價格往往低於其資產淨值。
基金每日紐約證券交易所收盤價和每股資產淨值以及其他信息,包括最新的投資組合統計數據和業績,可在www.thekoreafund.com上查閲,或致電基金股東服務代理,電話:(800)254-5197。
本新聞稿中所作的前瞻性陳述涉及風險和不確定性,屬於“1995年私人證券訴訟改革法”所指的前瞻性陳述。這些風險和不確定因素包括但不限於證券市場下跌或基金業績下降帶來的不利影響、經濟普遍下滑、來自其他公司的競爭、政府政策或法規的變化、無法吸引或留住關鍵員工、無法實施其經營戰略和/或收購戰略,以及與法律訴訟或對政府和自律組織的調查相關的不可預見的成本和其他影響。
本公告不是購買或徵集出售基金股份的要約,也不是打算用於購買或出售基金股份的招股説明書、通函或陳述。
基金份額不是FDIC保險的,也不是任何銀行的存款或其他義務,也不是由任何銀行擔保的。基金份額涉及投資風險,包括可能的本金損失。
在business wire.com上查看源代碼版本:https://www.businesswire.com/news/home/20201218005460/en/
聯繫人:韓國基金公司
財務顧問:(800)926-4456
股東:(800)254-5197
媒體關係部:(212)739-3172
朱利安·裏德(董事會主席)電話:+44-7768 068 200
(完)道瓊斯通訊社
2020年12月18日東部時間16:05(格林尼治標準時間21:05)