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The Korea Fund, Inc. Buyback

OLI recorded this information on 11/2/2015

Company: The Korea Fund, Inc.
Buyback: KF buyback
Share Amount Authorized: 10% of its common shares outstanding
Buyback Details: The Board of Directors of The Korea Fund, Inc. (the "Fund") (NYSE:KF) today announced an adjustment to the Fund's share repurchase program intended to provide enhanced value to shareholders, by providing the Board greater flexibility to meet the objectives of the program in response to market conditions and other factors. The Fund will continue to repurchase, in each twelve month period ended June 30, up to 10% of its common shares outstanding as of the close of business on June 30 the prior year, but will permit shares to be repurchased at differing discount trigger levels that will not be announced.

Korea Fund is registered as a closed-end, non-diversified management investment company . The Fund's investment objective is to seek long-term capital appreciation through investment in securities, primarily equity securities, of Korean companies.
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Company Name: 
Korea Fund Inc (The)
Stock buyback: 
KF buyback
Website: 
www.thekoreafund.com
Sector: 
Investment Companies & Venture Capital
 

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