NEW YORK, Sept. 15, 2011 /PRNewswire/ -- The China Fund, Inc. (NYSE: CHN) today announced its financial results for the third quarter ended July 31, 2011. The Fund is a closed-end management investment company with the investment objective of long-term capital appreciation which it seeks to achieve by investing primarily in equity securities (i) of companies for which the principal securities trading market is the People's Republic of China ("China"), (ii) of companies for which the principal securities trading market is outside of China, or constituting direct equity investments in companies organized outside of China, that in both cases derive at least 50% of their revenues from goods and services sold or produced, or have at least 50% of their assets, in China and (iii) constituting direct equity investments in companies organized in China..
For the nine months ended July 31, 2011, the Fund reported a net investment income of approximately $2,266,519 versus a net investment income of approximately $3,391,689 for the nine months ended July 31, 2010. The net realized and unrealized gain for the nine months ended July 31, 2011 was $26,463,231 or $1.16 per share compared to net realized and unrealized gain of $86,264,489 or $3.79 per share for the nine months ended July 31, 2010.
The Fund's total net assets on July 31, 2011 were $770,189,479 and its net asset value per share was $33.81, based on 22,781,762 shares outstanding. After taking into consideration the net investment income dividend and capital gain distribution totaling $2.2742 per share paid on December 29, 2010, the Fund's total return for the nine months ended July 31, 2011 was 5.30%.
July 31, 2011
October 31, 2010
July 31, 2010
Total Net Assets
Net Asset Value
The China Fund, Inc. is listed on the New York Stock Exchange under the ticker symbol "CHN". The Fund's investment manager is Martin Currie Inc.
For further information regarding the Fund and the Fund's holdings, please call (888)-CHN-CALL or visit the Fund's website at www.chinafundinc.com.
Warren Antler The Altman Group 212-400-2605 email@example.com
SOURCE The China Fund, Inc.