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 China Fund, Inc. reports developments for a closed-end fund whose common stock traded under CHN, including NAV-based results, distributions, share-repurchase policies and governance actions. Recent company updates center on the Board-approved and stockholder-approved plan of liquidation and dissolution, portfolio liquidation, cash distributions to stockholders and the wind-down of normal fund activities.
The China Fund, Inc. (NYSE: CHN) announced its annual stockholder meeting to be held on March 9, 2021, at 11:15 a.m. via a virtual forum. Stockholders of record as of January 11, 2021 are entitled to attend and vote. The investment manager, Matthews Asia, will provide an update on the China market during the meeting. The Fund seeks long-term capital appreciation by investing primarily in equity securities of companies related to China, whether trading in China or abroad.
The Board of Directors of The China Fund, Inc. has confirmed year-end distributions totaling $2.3123 per share for 2020. This includes long-term capital gains of $0.7033, short-term capital gains of $1.4588, and net investment income of $0.1502. Payments will be made on January 8, 2021 to stockholders of record as of December 29, 2020, following an ex-dividend date of December 28, 2020. The Fund also offers a Dividend Reinvestment and Cash Purchase Plan for stockholders.
The Board of Directors of The China Fund, Inc. has announced estimated distributions of $2.3123 per share. This includes long-term capital gains of $0.7033, short-term capital gains of $1.4588, and net investment income of $0.1502. The distribution is payable on January 8, 2021 to stockholders of record by December 29, 2020, with the ex-dividend date set for December 28, 2020. The Fund's shares are traded under the ticker symbol CHN.
The China Fund, Inc. (NYSE: CHN) reported its financial results for the third fiscal quarter ending July 31, 2020. The Fund achieved net investment income of $1,130,724, down from $1,561,770 the previous year. It recorded net realized and unrealized gains of $81,335,467, significantly up from $55,532,696 a year before. The total net assets reached $306,900,128, with a net asset value per share of $29.30. The combined distribution of $1.3843 per share was made in December 2019.