PHILADELPHIA, March 28, 2016 /PRNewswire/ -- The Asia Tigers Fund, Inc. (the "Fund") (NYSE: GRR) held its Annual Meeting of Stockholders (the "Meeting") on March 24, 2016. At the Meeting, stockholders of the Fund voted to elect one Class I Director and two Class III Directors to the Board of Directors, each to hold office until the 2017 and 2019 Annual Meeting of Stockholders, respectively, or thereafter until his or her successor is elected and qualified.
As of the record date, February 5, 2016, there were 3,493,788 outstanding shares of the Fund. 83.42% of outstanding shares were voted at the meeting, representing a quorum.
The description of the proposal and number of shares voted at the Meeting are as follows:
To elect one Class I Director and two Class III Directors to the Board of Directors:
Nancy Yao Maasbach
J. Marc Hardy
Directors whose term of office continued beyond the Meeting are as follows: Leslie H. Gelb, Luis F. Rubio, Jeswald W. Salacuse, and Martin Gilbert.
Closed-end funds are traded on the secondary market through one of the stock exchanges. The Fund's investment return and principal value will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund's portfolio. There is no assurance that the Fund will achieve its investment objective.
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