Korea Fund

The Korea Fund, Inc. Declares Year-End Distributions

Retrieved on: 
Saturday, December 17, 2022
Asset Management, Professional Services, Finance, Fund, Korea Fund, NAV, NYSE, New York Stock Exchange, Character, KF, FDIC, Calendar, Financial adviser, Investment, Risk, Closed-end fund, JPMorgan Chase, Life insurance, Bank

The distributions will be payable on January 9, 2023 to shareholders of record on December 27, 2022 with an ex-dividend date of December 23, 2022.

Key Points: 
  • The distributions will be payable on January 9, 2023 to shareholders of record on December 27, 2022 with an ex-dividend date of December 23, 2022.
  • While the total amount of the distributions will not change, the characterization for tax purposes, as stated above, may be different from the characterization of such distributions that existed at the time of this press release.
  • Factors contributing to the character include the varied nature of the Fund's investments and the performance of those investments.
  • Additional information regarding the distributions will be made available at www.thekoreafund.com after the payable date.

The Korea Fund, Inc. Announces Invitation to Join a Webinar

Retrieved on: 
Friday, November 25, 2022
Banking, Professional Services, Finance, JPMorgan Chase, Risk, New York Stock Exchange, NAV, FDIC, Investment, Financial adviser, Fund, Korea Fund, Bank

The Fund seeks long-term capital appreciation through investing primarily in equity securities trading on the Korean stock exchanges.

Key Points: 
  • The Fund seeks long-term capital appreciation through investing primarily in equity securities trading on the Korean stock exchanges.
  • JPMorgan Asset Management (Asia Pacific) Ltd is the Fund's Investment Adviser.
  • Foreign securities markets generally exhibit greater price volatility and are less liquid than the U.S. market.
  • Closed-end funds trade on their market value, not NAV, and closed-end funds often trade at a discount to their NAV.

The Korea Fund, Inc. Declares Year-End Distributions

Retrieved on: 
Friday, December 17, 2021
Banking, Professional Services, Finance, Fund, New, NAV, Board, New York Stock Exchange, Korea Fund, Calendar, NYSE, Income, Risk, JPMorgan Chase, FDIC, Investment, Financial adviser, Character, Closed-end fund, KF, Life insurance, Bank

The distributions will be payable on January 10, 2022 to shareholders of record on December 27, 2021 with an ex-dividend date of December 23, 2021.

Key Points: 
  • The distributions will be payable on January 10, 2022 to shareholders of record on December 27, 2021 with an ex-dividend date of December 23, 2021.
  • While the total amount of the distributions will not change, the characterization for tax purposes, as stated above, may be different from the characterization of such distributions that existed at the time of this press release.
  • Factors contributing to the character include the varied nature of the Fund's investments and the performance of those investments.
  • Additional information regarding the distributions will be made available at www.thekoreafund.com after the payable date.

The Korea Fund, Inc. Resumes Its Discount Management Program

Retrieved on: 
Tuesday, November 30, 2021
Banking, Professional Services, Finance, Financial adviser, Fund, FDIC, NAV, JPMorgan Chase, Korea Fund, NYSE, New, Board of directors, KF, Program, Investment, Risk, Board, New York Stock Exchange, Bank

The Board has determined the resumption of the Program would be in the best interest of the Fund and its stockholders.

Key Points: 
  • The Board has determined the resumption of the Program would be in the best interest of the Fund and its stockholders.
  • 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.
  • Closed-end funds trade on their market value, not NAV, and closed-end funds often trade at a discount to their NAV.

The Korea Fund, Inc. Temporarily Halts Its Discount Management Program

Retrieved on: 
Thursday, December 24, 2020
Banking, Professional services, Finance, Finance, Money, Investment funds, Investment, Closed-end fund, Korea Fund, New York Stock Exchange, Net asset value

The Korea Fund, Inc. (NYSE:KF) (the Fund) announced today that it is temporarily halting its Discount Management Program (DMP) in advance of the Funds transition of its investment management and administration to JP Morgan Asset Management (Asia Pacific) Limited and its affiliates, which is expected to take effect on or about December 31, 2020.

Key Points: 
  • The Korea Fund, Inc. (NYSE:KF) (the Fund) announced today that it is temporarily halting its Discount Management Program (DMP) in advance of the Funds transition of its investment management and administration to JP Morgan Asset Management (Asia Pacific) Limited and its affiliates, which is expected to take effect on or about December 31, 2020.
  • The Fund seeks long-term capital appreciation through investing primarily in equity securities trading on the Korean stock exchanges.
  • Data as of September 30, 2020
    The Korea Fund, Inc. is a non-diversified, closed-end investment company.
  • Closed-end funds trade on their market value, not NAV, and closed-end funds often trade at a discount to their NAV.

The Korea Fund, Inc. Announces Proposed Changes to Investment Manager and Administrator of the Fund

Retrieved on: 
Saturday, August 29, 2020
Consulting, Banking, Professional services, Finance, Finance, Money, Investment, Primary dealers, House of Morgan, JPMorgan Chase, Closed-end fund, Korea Fund, Institutional investors, Investment management

The Korea Fund, Inc. (NYSE:KF) (the Fund) announced today that it is pursuing arrangements with JPMorgan Asset Management (Asia Pacific) Limited (JPMorgan) to serve as investment manager and administrator of the Fund.

Key Points: 
  • The Korea Fund, Inc. (NYSE:KF) (the Fund) announced today that it is pursuing arrangements with JPMorgan Asset Management (Asia Pacific) Limited (JPMorgan) to serve as investment manager and administrator of the Fund.
  • The Fund intends to provide additional details and updates through subsequent press releases and/or SEC filings.
  • The Korea Fund, Inc. is a non-diversified, closed-end investment company.
  • Data as of December 31, 2019
    The Korea Fund, Inc. is a non-diversified, closed-end investment company.

The Korea Fund, Inc. Resumes Its Discount Management Program

Retrieved on: 
Tuesday, June 2, 2020
Banking, Professional services, Finance, Finance, Money, Investment funds, Economy, Closed-end fund, Korea Fund, New York Stock Exchange, Net asset value, Exchange-traded fund

The Korea Fund, Inc. (NYSE: KF) (the Fund) announced today that its Discount Management Program (DMP) has resumed.

Key Points: 
  • The Korea Fund, Inc. (NYSE: KF) (the Fund) announced today that its Discount Management Program (DMP) has resumed.
  • The Fund seeks long-term capital appreciation through investing primarily in equity securities trading on the Korean stock exchanges.
  • Data as of December 31, 2019
    The Korea Fund, Inc. is a non-diversified, closed-end investment company.
  • Closed-end funds trade on their market value, not NAV, and closed-end funds often trade at a discount to their NAV.

The Korea Fund, Inc. Temporarily Halts Its Discount Management Program

Retrieved on: 
Monday, March 23, 2020
Banking, Professional services, Finance, Investment funds, Finance, Closed-end fund, Korea Fund, New York Stock Exchange, Investment

The Korea Fund, Inc. (NYSE: KF) (the Fund) announced today that its Discount Management Program (DMP) has been temporarily halted as from Monday, March 16th, 2020.

Key Points: 
  • The Korea Fund, Inc. (NYSE: KF) (the Fund) announced today that its Discount Management Program (DMP) has been temporarily halted as from Monday, March 16th, 2020.
  • Under such conditions the Board deemed that the Discount Management Program is currently unable to provide cost effective value to stockholders.
  • Directors will continue to monitor the situation on a daily basis and will look to reinstate the program at the earliest opportunity.
  • Closed-end funds trade on their market value, not NAV, and closed-end funds often trade at a discount to their NAV.