NEW YORK, Dec. 18, 2017 /PRNewswire/ -- The China Fund, Inc. confirms the distribution of net investment income in the amount of $0.5493 per share. As previously announced, the distribution will be payable on January 4, 2018 to stockholders of record on December 19, 2017 with an ex-dividend date of December 18, 2017.
The Fund has a Dividend Reinvestment and Cash Purchase Plan (the "Plan") that is open to all stockholders. If the Fund's shares trade at a premium to the net asset value of the Fund, Plan participants will receive shares of the Fund valued at the greater of the net asset value or 95% of the market price. If the Fund is trading at a discount, Plan participants will receive shares of the Fund valued at market price per share. All stockholders may elect to participate in the Plan or may withdraw at any time within the limitations described in the Plan.
Stockholders who have questions regarding the distribution may contact AST Fund Solutions, LLC at 1‑888‑CHN‑CALL (246-2255).
The Fund is a closed-end management investment company seeking long-term capital appreciation primarily through investment in the equity securities of companies engaged in business in the People's Republic of China.
The China Fund, Inc. is listed on the New York Stock Exchange under the ticker symbol "CHN".
SOURCE The China Fund, Inc.