The Thai Capital Fund Announces Adjournment of Special Meeting of Stockholders
PHILADELPHIA, June 10, 2013 /PRNewswire/ -- The Thai Capital Fund, Inc. (NYSE MKT: TF), a closed-end management investment company which seeks long-term capital appreciation through investment primarily in Thai equity securities (the "Fund"), announced today that it has adjourned the 2013 Special Meeting of Stockholders to permit the solicitation of additional votes. Proposal #1 to change the fundamental investment limitation of the Fund in order to facilitate a rights offering to achieve the vote necessary to liquidate the Fund or take other corporate action in the event Proposal #2 does not obtain requisite stockholder approval, requires the affirmative vote of the lesser of either: (i) 67% the shares of capital stock represented at a meeting at which there is a quorum, or (ii) more than 50% of the outstanding shares of capital stock of the Fund entitled to vote. Proposal #2 to liquidate the Fund requires the affirmative vote of the holders of at least 66 2/3% of the outstanding shares of capital stock of the Fund entitled to vote. The Special Meeting of Stockholders will reconvene on Monday, July 1, 2013, at the offices of Aberdeen Asset Management Inc., 712 Fifth Avenue, 49th Floor, New York, New York 10019 at 10:00 a.m., New York time.
SOURCE The Thai Capital Fund, Inc.