BOSTON, Sept. 14,
2023 /PRNewswire/ -- The China Fund, Inc. (NYSE: CHN)
today announced its financial results for its third fiscal quarter
ended July 31, 2023.
For the nine months ended July 31,
2023, the Fund recorded net investment income of
$556,690 or $0.06 per share, versus net investment loss of
$145,455 or $0.01 per share, for the nine months ended
July 31, 2022. Net realized and
unrealized gain on investments and foreign currency transactions
for the nine months ended July 31,
2023 was $35,358,192 or
$3.52 per share, compared to net
realized and unrealized loss on investments and foreign currency
transactions of $77,791,631 or
$7.56 per share, for the nine months
ended July 31, 2022.
The Fund's total net assets on July 31,
2023 were $145,190,141 and its
net asset value per share was $14.44
based on $10,051,449 shares
outstanding. A combined distribution of $0.6748 per share from net investment income and
realized gains was declared in December
2022 and paid in January
2023.
|
July 31,
2023
|
October 31,
2022
|
July 31,
2022
|
|
|
|
|
|
Total Net
Assets
|
$145,190,141
|
$118,765,315
|
$159,700,212
|
|
Net Asset
Value
|
$14.44
|
$11.58
|
$15.52
|
|
Shares
Outstanding
|
10,051,449
|
10,258,595
|
10,288,465
|
The Fund is a closed-end management investment company with the
objective of seeking long-term capital appreciation by investing
primarily in equity securities (i) of companies for which the
principal securities trading market is in the People's Republic of China ("China"), or (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. While the Fund is permitted to invest
in direct equity investments of companies organized in China, it presently holds no such investments.
The Fund is listed on the New York Stock Exchange under the ticker
symbol "CHN". The Fund's investment manager is Matthews
International Capital Management, LLC.
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.
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SOURCE The China Fund, Inc.
