The Korea Fund, Inc. is a closed-ended equity mutual fund launched and managed by Allianz Global Investors U.S. LLC. The fund invests in the public equity markets of Korea. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in growth stocks of companies. It employs fundamental analysis with a bottom-up stock picking approach, focusing on such factors as price-to-earnings ratios, dividend yields, and earnings-per-share growth to create its portfolio. The fund benchmarks the performance of its portfolio against the MSCI Korea 25/50 Index. It uses 'Grassroots Research' to make its investments. The Korea Fund, Inc. was formed on August 29, 1984 and is domiciled in the United States.
IPO Year:
Exchange: NYSE
Website: thekoreafund.com
4 - KOREA FUND INC (0000748691) (Issuer)
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The Board of Directors of The Korea Fund, Inc. (the "Fund") (NYSE:KF) announced today they have declared distributions totaling $3.31888 per share, comprised of a net investment income dividend of $0.05251 per share, a long-term capital gain distribution of $3.01914 per share and a short-term capital gain distribution of $0.24723 per share. The distributions will be payable on January 9, 2023 to shareholders of record on December 27, 2022 with an ex-dividend date of December 23, 2022. While the total amount of the distributions will not change, the characterization for tax purposes, as stated above, may be different from the characterization of such distributions that existed at the time o
The Board of Directors of The Korea Fund, Inc. (the "Fund") (NYSE:KF) announced today they have declared distributions totaling $9.11001 per share, comprised of a net investment income dividend of $2.04528 per share, a long-term capital gain distribution of $3.37030 per share and a short-term capital gain distribution of $3.69443 per share. The distributions will be payable on January 10, 2022 to shareholders of record on December 27, 2021 with an ex-dividend date of December 23, 2021. While the total amount of the distributions will not change, the characterization for tax purposes, as stated above, may be different from the characterization of such distributions that existed at the time
NEW YORK--(BUSINESS WIRE)--The Board of Directors of The Korea Fund, Inc. (the “Fund”) (NYSE: KF) announced today they have declared a net investment income dividend of $0.5255 per share, payable on January 11, 2021, to stockholders of record on December 28, 2020, with an ex-dividend date of December 24, 2020. The actual composition and character of the distributions stated above may be materially different from the composition or characterization of such distributions that existed at the time of this press release and may be comprised of net investment income, capital gains and/or return of capital. Factors contributing to the composition and character include the varied nature of
The Board of Directors (the "Board") of The Korea Fund, Inc. (the "Fund") (NYSE:KF) today announced the final results of its tender offer. As previously announced, the Fund conducted a tender offer to purchase for cash up to 12.5% of its issued and outstanding common stock, at a price equal to 98.5% of its net asset value ("NAV") per share determined on the expiration date. The Fund's tender offer, which expired at 5:00 p.m. New York City time, on Monday, September 16, 2024, was oversubscribed. Since the Fund's tender offer was oversubscribed, the Fund will purchase 12.5% of its respective outstanding common shares on a pro-rata basis based on the number of shares properly tendered (Pro-R
The Board of Directors (the "Board") of The Korea Fund, Inc. (the "Fund") (NYSE:KF) today announced the preliminary results of the Fund's tender offer. As previously announced, the Fund conducted a tender offer to purchase for cash up to 12.5% of its issued and outstanding common stock, at a price equal to 98.5% of its net asset value ("NAV") per share determined on the expiration date. The Fund's tender offer expired at 5:00 p.m. New York City time, on Monday, September 16, 2024. Based on preliminary information provided by Equiniti Trust Company, LLC ("Equiniti"), the depositary for the tender offer, 3,226,691 common shares, or approximately 66.76% of the Fund's common shares outstandin
The Korea Fund, Inc. (the "Fund") (NYSE:KF) announced today that the tender offer (the "Tender Offer") to purchase for cash up to 12.5% of the Fund's issued and outstanding common stock, at a price per share equal to 98.5% of the net asset value per share, determined on the date the tender offer expires, will commence on Friday, August 16, 2024 and expire, unless otherwise extended, at 5:00 p.m., New York City Time, on Monday, September 16, 2024. The Fund's Board of Directors previously announced its intention to conduct a Tender Offer in a press release dated July 10, 2024. The terms and conditions of the Tender Offer are set forth in the Issuer Tender Offer Statements and related Lett
As previously reported, the Board of Directors (the "Board") of The Korea Fund, Inc. (NYSE:KF) (the "Fund") announced on December 3, 2020 that it had adopted a policy (the "Tender Offer Policy") pursuant to which the Board will cause the Fund to conduct an issuer tender offer for up to twenty-five percent (25%) of its then issued and outstanding shares of common stock on or before September 30, 2024, and thereafter on each third year anniversary of September 30, 2024, if the Fund's total return investment performance measured on a net asset value ("NAV") basis does not equal or exceed the total return investment performance of the MSCI Korea 25/50 Index (the "Index") during the period comme
The Board of Directors (the "Board") of The Korea Fund, Inc. (NYSE:KF) (the "Fund") announced on December 3, 2020 that it had adopted a policy (the "Tender Offer Policy") pursuant to which the Board will cause the Fund to conduct an issuer tender offer for up to twenty-five percent (25%) of its then issued and outstanding shares of common stock on or before September 30, 2024, and thereafter on each third year anniversary of September 30, 2024, if the Fund's total return investment performance measured on a net asset value basis does not equal or exceed the total return investment performance of the MSCI Korea 25/50 Index (the "Index") during the period commencing April 1, 2021 and ending J
The Board of Directors (the "Board") of The Korea Fund, Inc. (NYSE:KF) (the "Fund") has appointed Citigroup Global Markets Inc. (the "Program Manager") to serve as its agent and broker for purposes of implementing the Fund's Discount Management Program (the "Program"). The Program provides that the Fund may repurchase annually up to 10% of its common shares outstanding as of the close of business on June 30th of the prior year in open market transactions when such shares are trading above a specified discount threshold in accordance with the procedures and parameters (the "Share Purchase Procedures") adopted by the Board. The Board may amend the Share Purchase Procedures, including the di
The Board of Directors of The Korea Fund, Inc. (the "Fund") (NYSE:KF) announced today they have declared distributions totaling $3.31888 per share, comprised of a net investment income dividend of $0.05251 per share, a long-term capital gain distribution of $3.01914 per share and a short-term capital gain distribution of $0.24723 per share. The distributions will be payable on January 9, 2023 to shareholders of record on December 27, 2022 with an ex-dividend date of December 23, 2022. While the total amount of the distributions will not change, the characterization for tax purposes, as stated above, may be different from the characterization of such distributions that existed at the time o
The Korea Fund, Inc. (the "Fund") (NYSE:KF) announced today that on November 29, 2022 at 9.00a.m. EST , John Cho, Portfolio Manager of The Korea Fund, Inc. will be providing an update on the Fund. Over 30 minutes John will provide an update on the Fund, covering positioning and attribution as well as outlook. There will be the ability to submit live questions. Please pre-register at the below link. https://event.webcasts.com/starthere.jsp?ei=1581382&tp_key=9ff1c7a4ec or Register Here 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 exchang
The Board of Directors of The Korea Fund, Inc. (the "Fund") (NYSE:KF) announced today they have declared distributions totaling $9.11001 per share, comprised of a net investment income dividend of $2.04528 per share, a long-term capital gain distribution of $3.37030 per share and a short-term capital gain distribution of $3.69443 per share. The distributions will be payable on January 10, 2022 to shareholders of record on December 27, 2021 with an ex-dividend date of December 23, 2021. While the total amount of the distributions will not change, the characterization for tax purposes, as stated above, may be different from the characterization of such distributions that existed at the time
The Board of Directors (the "Board") of the Korea Fund, Inc. (NYSE:KF) (the "Fund") announced today that it will resume the operation of its Discount Management Program (the "Program"), which was temporarily halted on Thursday, December 24, 2020 in advance of the Fund's transition of its investment management and administration to JPMorgan Asset Management (Asia Pacific) Limited and its affiliates on Friday, January 1st 2021. The Board has determined the resumption of the Program would be in the best interest of the Fund and its stockholders. The Program will operate in accordance with the procedures and parameters adopted by the Board of Directors and the execution for any stock repurchase
The Board of Directors (the "Board") of The Korea Fund, Inc. (NYSE:KF) (the "Fund") has appointed Citigroup Global Markets Inc. (the "Program Manager") to serve as its agent and broker for purposes of implementing the Fund's Discount Management Program (the "Program").The Program provides that the Fund may repurchase annually up to 10% of its common shares outstanding as of the close of business on June 30th of the prior year in open market transactions when such shares are trading above a specified discount threshold in accordance with the procedures and parameters (the "Share Purchase Procedures") adopted by the Board. The Board may amend the Share Purchase Procedures, including the discou
On Thursday, 930 stocks hit new 52-week lows. Interesting Points From Today's 52-Week Lows: The largest company in terms of market cap to set a new 52-week low was Microsoft (NASDAQ:MSFT). The smallest company by market cap to set a new 52-week low was FedNat Holding (NASDAQ:FNHC). Sunlight Finl Hldgs (NYSE:SUNL) saw the most pronounced move, as shares traded down 54.56% to hit its new 52-week low. Abbott Laboratories (NYSE:ABT)'s stock made the biggest bounce back, actually moving up 0.01% shortly after hitting a new 52-week low. Here are all the stocks that set new 52-week lows on Thursday: Microsoft (NASDAQ:MSFT) shares were down 2.37% for the day, having made a 52-week low
Monday saw 825 companies set new 52-week lows. Key Facts About Today's 52-Week Lows: Visa (NYSE:V) was the largest firm on a market cap basis to set a new 52-week low. The company with the smallest market cap to set a new 52-week low was Mobilicom (NASDAQ:MOB). Color Star Technology (NASDAQ:CSCW) shares dropped the most, trading down 3070.81% to reach its new 52-week low. Skillsoft (NYSE:SKIL) was the biggest winner of the bunch, with shares actually trading up 0.0% after it rebounded from its new 52-week low. On Monday, the following stocks hit new 52-week lows: Visa (NYSE:V) shares made a new 52-week low of $181.63 on Monday. The stock was down 0.94% for the day. Oracle (NY
On Tuesday, 507 stocks hit new 52-week lows. Noteworthy Highlights From Today's 52-Week Lows: Pfizer (NYSE:PFE) was the largest firm by market cap to set a new 52-week low. Mobilicom (NASDAQ:MOB) was the smallest company when considering market cap to set a new 52-week low. Virios Therapeutics (NASDAQ:VIRI) was the biggest loser, trading down 75.06% to reach its 52-week low. Nuveen AMT-Free Municipal (NYSE:NEA) shares were the most resilient, as shares rose 0.0%, rebounding from its new 52-week low. The following stocks achieved new 52-week lows on Tuesday: Verizon Communications (NYSE:VZ) shares moved down 1.64% on Tuesday to hit a new 52-week low of $40.47, drifting down 1.6
During Friday's session, 574 stocks hit new 52-week lows. Things to Consider About Today's 52-Week Lows: Alphabet (NASDAQ:GOOG) was the biggest company on a market cap basis to set a new 52-week low. The smallest company by market cap to set a new 52-week low was First Wave BioPharma (NASDAQ:FWBI). Aditxt (NASDAQ:ADTX)'s stock traded down the lowest, falling 54.76% to reach a new 52-week low. Himax Technologies (NASDAQ:HIMX) shares were the most resilient, as shares rose 0.0%, rebounding from its new 52-week low. The following stocks set new 52-week lows on Friday: Alphabet (NASDAQ:GOOGL) stock broke to a new 52-week low of $100.94 on Friday. Shares of the company traded down
On Thursday, 168 companies reached new 52-week lows. Points of Interest From Today's 52-Week Lows: Verizon Communications (NYSE:VZ) was the biggest company on a market cap basis to set a new 52-week low. The smallest company by market cap to set a new 52-week low was Tenax Therapeutics (NASDAQ:TENX). MasterCraft Boat Hldgs (NASDAQ:MCFT) saw the most pronounced move, as shares traded down 14.36% to hit its new 52-week low. Semantix (NASDAQ:STIX) shares were the most resilient, as shares rose 0.0%, rebounding from its new 52-week low. Stocks that set new 52-week lows on Thursday are as follows: Verizon Communications (NYSE:VZ) shares set a new yearly low of $40.71 this morning.
On Tuesday, 400 companies set new 52-week lows. Interesting Highlights From Today's 52-Week Lows And Highs: Toyota Motor (NYSE:TM) was the largest firm on a market cap basis to set a new 52-week low. The smallest company in terms of market cap to set a new 52-week low was Tenax Therapeutics (NASDAQ:TENX). Presidio Property Trust (NASDAQ:SQFT)'s stock traded down the lowest, falling 29.06% to reach a new 52-week low. Under Armour (NYSE:UAA) saw the biggest bounce back on, as shares traded up 0.0% to rebound after it hit its new 52-week low. On Tuesday, the following stocks hit new 52-week lows: Toyota Motor (NYSE:TM) stock broke to a new 52-week low of $143.54 on Tuesday. Share
During Thursday, 166 stocks hit new 52-week lows. 52-Week Low Highlights: Alibaba Group Holding (NYSE:BABA) was the largest firm on a market cap basis to set a new 52-week low. The smallest company by market cap to hit a new 52-week low was Bellerophon Therapeutics (NASDAQ:BLPH). Trean Insurance Group (NASDAQ:TIG)'s stock came under the most pressure, trading down 51.85% to reach a new 52-week low. Thoughtworks Holding (NASDAQ:TWKS) was the biggest winner of the bunch, with shares actually trading up 0.0% after it rebounded from its new 52-week low. The following stocks created new 52-week lows on Thursday: Alibaba Group Holding (NYSE:BABA) shares moved down 7.3% on Thursday t