Welcome to our dedicated page for China Fund news (Ticker: CHN), a resource for investors and traders seeking the latest updates and insights on China Fund stock.
The news page for The China Fund, Inc. (CHN) provides an organized view of the Fund's publicly released updates and regulatory communications. As a closed-end management investment company focused on China-related equity securities, the Fund has issued news covering its investment objective, performance, governance decisions, and structural changes. These items help investors understand how the Fund has approached long-term capital appreciation in companies that derive significant revenues or hold substantial assets in the People's Republic of China.
Among the most significant news items for CHN are announcements related to its strategic and corporate direction. The Fund has reported on policies such as its Discount Management Program, which addresses the trading discount of its shares relative to net asset value through potential open-market repurchases, and its conditional performance tender offer policy, which links potential tender offers to the Fund's performance relative to the MSCI China All Shares Index. These disclosures provide insight into how the Board of Directors has evaluated market conditions, shareholder value, and the Fund's trading characteristics.
Recent news has focused on the Board's decision to approve, and stockholders' subsequent approval of, a Plan of Liquidation and Dissolution. Press releases and related filings describe the rationale for recommending liquidation, including the Fund's size, expense ratio pressures, persistent discount to net asset value, investor demand for more liquid competing products, and prevailing geopolitical and market conditions. Additional news items outline the scheduling and conduct of the special meeting of stockholders, the terms of the liquidation, expected timing of liquidating distributions, and the anticipated cessation of trading of CHN shares on the New York Stock Exchange.
Investors reviewing CHN news can expect coverage of quarterly financial results, including net investment income and net realized and unrealized gains or losses, as well as updates on distributions. Together, these releases form a historical record of how The China Fund, Inc. has managed its China-focused investment mandate and, ultimately, how it has chosen to wind down and return capital to stockholders. This news archive is useful for understanding the Fund's evolution, decision-making by its Board, and the sequence of events leading to its liquidation and delisting.
The China Fund, Inc. (NYSE: CHN) reported a net investment loss of $145,455 or $.01 per share for the nine months ending July 31, 2022, compared to a net investment income of $1,076,354 or $.10 per share in the same period last year. The Fund experienced a net realized and unrealized loss on investments of $77,791,631 or $7.56 per share, contrasting with a gain of $18,152,584 or $1.74 per share a year prior. Total net assets were $159,700,212, with a net asset value of $15.52 per share.
The China Fund, Inc. (NYSE: CHN) has rescheduled its annual stockholder meeting to May 3, 2022, at 11:00 a.m. via a virtual forum. Only stockholders of record as of February 19, 2022 are eligible to attend and vote. Notices will be mailed to shareholders by March 30, 2022, superseding previous notifications.
The Fund focuses on long-term capital appreciation by investing primarily in equity securities of companies in China or those deriving significant revenue from goods and services sold in China.
The China Fund, Inc. (NYSE: CHN) announced on March 21, 2022, that its annual stockholder meeting set for March 23, 2022, has been postponed. This delay aims to ensure that all necessary materials are properly mailed to shareholders. A new record date for determining eligible shareholders will be established and announced in the coming weeks. The Fund focuses on long-term capital appreciation by investing primarily in equity securities of companies linked to China.
The China Fund, Inc. (NYSE: CHN) reported a net investment loss of $(686,054) or $(0.07) per share for Q1 FY2022, compared to a loss of $(745,621) or $(0.07) per share in Q1 FY2021. The fund experienced substantial net realized and unrealized losses of $(36,047,907) or $(3.49) per share, contrasting with a gain of $50,710,836 or $4.86 per share a year earlier. Total net assets on January 31, 2022, reached $201,506,557, with a net asset value per share of $19.51 based on 10,328,734 shares outstanding.
The China Fund, Inc. (NYSE: CHN) will hold its annual stockholder meeting on March 23, 2022, at 11:00 a.m. via a virtual platform. The record date for stockholders entitled to vote has been revised to February 19, 2022, with notices mailed around February 21, 2022. The Fund aims for long-term capital appreciation through investments primarily in equity securities of companies related to China or those generating significant revenue from the region.
The China Fund, Inc. (NYSE: CHN) has announced the rescheduling of its annual stockholder meeting to March 23, 2022, at 11:00 a.m. The meeting will be held virtually. Stockholders of record by January 21, 2022, are eligible to attend and vote. Notices will be mailed on or around February 16, 2022. The Fund aims for long-term capital appreciation, primarily through investments in equity securities of companies related to China.
The China Fund, Inc. has declared a total distribution of $7.2669 per share, effective January 10, 2022. This includes long-term capital gains of $6.3866 and short-term gains of $0.8382, alongside net investment income of $0.0421 per share. The distribution is available to stockholders of record as of December 28, 2021, with an ex-dividend date of December 27, 2021. The Fund operates a Dividend Reinvestment and Cash Purchase Plan, allowing stockholders to invest at potentially advantageous prices relative to the Fund's net asset value.
The China Fund, Inc. (NYSE: CHN) announced its financial results for Q3 2021, reporting a net investment income of $1,076,354, or $0.10 per share. Net realized and unrealized gains on investments reached $18,152,584. As of July 31, 2021, total net assets stood at $323,747,776, with a net asset value per share of $31.06. The Fund declared a combined distribution of $2.3123 per share in December 2020. The Fund's focus remains on long-term capital appreciation through equity investments primarily tied to the Chinese market.
The China Fund, Inc. (NYSE: CHN) reported its financial results for Q1 of fiscal year 2021, ending January 31, 2021. The fund experienced a net investment loss of $(745,621), or $(0.07) per share, compared to $(644,789) or $(0.06) per share in the same period last year. Despite the loss, net realized and unrealized gains on investments reached $50,710,836, equating to $4.86 per share, significantly up from $6,774,596 or $0.64 per share in the previous year. The total net assets were $355,031,181, with a net asset value per share of $34.00.
The China Fund, Inc. (NYSE: CHN) will hold its annual stockholder meeting on March 9, 2021, at 11:15 a.m. EST, via a virtual forum. Stockholders as of February 1, 2021, can attend and vote. The investment manager, Matthews Asia, will provide an update on the China market. The Fund focuses on long-term capital appreciation by investing primarily in equity securities of companies trading in or deriving revenue from China. Shares of the Fund are listed under the ticker symbol CHN.
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