The Asia Pacific Fund, Inc. Board Will Submit Proposal for Liquidation of the Fund to Vote of Stockholders
ASIA PACIFIC FUND COMMON (APB)
US:NYSE Investor Relations:
asiapacificfund.com
Company Research
Source: GlobeNewswire
NEW YORK, Aug. 01, 2018 (GLOBE NEWSWIRE) -- The Asia Pacific Fund, Inc. (NYSE:APB) (the “Fund”) announced today that the Board of Directors (the “Board”) of the Fund will submit a proposal to stockholders to liquidate the Fund at the Fund’s 2018 Annual Meeting of Stockholders, to be held on October 12, 2018. While the Board believes that the Fund remains a favorable investment opportunity for stockholders and investors seeking exposure to the Asia region, certain institutional stockholders have requested a liquidity event, which may include a liquidation. Accordingly, after deliberations, the Board has voted to liquidate the Fund. Despite their ongoing belief in the Fund, the Board will recommend that stockholders vote for the liquidation. In the event that Fund stockholders do not vote to liquidate the Fund at the 2018 Annual Meeting of Stockholders, the Board has committed to resubmitting the liquidation proposal at subsequent annual meetings thereafter, to continually give Fun
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