Korea Equity Fund, Inc. Announces Liquidating Distribution
2017年7月27日 - 2:20AM
Korea Equity Fund, Inc. (NYSE:KEF) (the “Fund”) announced a final
distribution to its shareholders in connection with the dissolution
and liquidation of the Fund. The distribution of $7.0491 per
share will be payable on August 7, 2017 (the “Final Distribution”)
to holders of record at the close of business on July 17, 2017. The
Final Distribution will be paid in cash and will represent all of
the Fund’s net assets except for amounts set aside for reasonably
ascertainable obligations of the Fund.
The amount of this distribution reported in this
press release is not being provided for tax reporting purposes.
The actual amount for tax reporting purposes will depend upon
the Fund’s investment experience during the entirety of its fiscal
year and may be subject to changes based on tax regulations.
The Fund intends to send a Form 1099-DIV for the calendar year
concerning the tax treatment of the dividend distributions that
were paid to shareholders of record during the year ending December
31, 2017.
About the Fund
The Fund primarily invested in the securities of
companies domiciled in Korea. Nomura Asset Management U.S.A. Inc.
(“NAM USA”) acts as the Manager of the Fund pursuant to a
management agreement. Pursuant to such management agreement,
NAM USA has retained its parent company, Nomura Asset Management
Co., Ltd., to act as investment adviser to the Fund, and Nomura
Asset Management Hong Kong Limited and Nomura Asset Management
Singapore Limited, as investment sub-advisers to the Fund.
Contact:
Maria Premole
Nomura Asset Management U.S.A. Inc.
Worldwide Plaza
309 West 49th Street
New York, NY 10019-7316 (800) 833-0018
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