The Korea Fund, Inc. Temporarily Halts Its Discount Management Program
Korea Fund, Inc. (The) New (KF)
US:NYSE Investor Relations:
thekoreafund.com
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--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.At a meeting of the Board of Directors on Saturday, March 21st, the very serious effects of the Covid 19 pandemic were considered on global economies, stock markets and the excessive volatility reflected in stock prices worldwide. 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.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.”About All
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KF
Sec Filings
- 3/6/24 - Form 40-17F2
- 3/4/24 - Form N-CSRS
- 2/27/24 - Form NPORT-P
- KF's page on the SEC website