PHILADELPHIA, Dec. 6, 2011 /PRNewswire/ -- The Singapore Fund, Inc. (NYSE: SGF), a closed-end equity fund announced today that it will pay an ordinary income dividend of U.S. $0.134 per share and a net long term capital gain distribution of U.S. $0.296 per share on December 28, 2011 to all shareholders of record as of December 16, 2011.
In January 2012, a Form 1099-DIV will be sent to shareholders, which will state the amount and composition of distributions and provide information with respect to their appropriate tax treatment for the 2011 calendar year.
Closed-end funds have a one-time initial public offering and then are subsequently traded on the secondary market through one of the stock exchanges. The 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 a fund will achieve its investment objective. Past performance does not guarantee future results.
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SOURCE The Singapore Fund, Inc.