Korea Fund (NYSE: KF) sees OPERS disclose 4.06% shareholding
Rhea-AI Filing Summary
Public Employees Retirement System of Ohio (OPERS) filed an amended beneficial ownership report on Korea Fund Inc. The filing shows OPERS beneficially owns 168,834 shares of Korea Fund, representing 4.06% of the outstanding shares, held for investment purposes.
All shares were bought or sold in the open market using client assets under management. OPERS states it may buy more shares or sell shares over time, but currently has no plans or intentions related to major corporate actions such as mergers, control changes, or other strategic transactions affecting Korea Fund.
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FAQ
What percentage of Korea Fund Inc. (KF) shares does OPERS currently own?
OPERS reports beneficial ownership of 168,834 Korea Fund Inc. shares, representing 4.06% of the fund's outstanding shares.
Who is the reporting person in this Korea Fund Inc. (KF) ownership filing?
The reporting person is the Public Employees Retirement System of Ohio (OPERS), a pension system organized in Ohio.
Why did OPERS acquire shares of Korea Fund Inc. (KF)?
OPERS states that the transactions in Korea Fund Inc. securities are for investment purposes, using client assets under management.
Does OPERS plan to change control or influence management at Korea Fund Inc. (KF)?
OPERS indicates it has no present plans or intentions that would result in actions such as mergers, major asset sales, or other control-related changes described in subparagraphs (b)–(j) of Item 4.
How did OPERS acquire its position in Korea Fund Inc. (KF)?
All Korea Fund Inc. shares reported by OPERS were purchased or sold in the open market using client assets under management.
Does OPERS have special contracts or arrangements regarding Korea Fund Inc. (KF) shares?
OPERS states that, except as otherwise set forth, it has no contracts, arrangements, understandings or relationships with any person concerning Korea Fund Inc. securities.