Final Results of Stockholder Meeting of Asia Pacific Fund, Inc.
October 23 2018 - 10:57AM
The Asia Pacific Fund, Inc. (NYSE:APB) announced today that
according to the final official vote count provided by its
Inspector of Elections following the Fund’s 2018 Annual Meeting of
Stockholders, the Fund’s stockholders have voted to:
- Approve the election of Jessica M. Bibliowicz as a Director for
a term expiring in 2021; and
- Approve a proposal to liquidate and dissolve the Fund pursuant
to a Plan of Liquidation and Dissolution.
The stockholder proposal to terminate the Fund’s investment
advisory agreement was withdrawn by the stockholder proponent.
Additional details regarding the liquidation, including the day
on which the books of the Fund will be closed with respect to
stockholders and trading on the New York Stock Exchange will cease
as well as the date on which the liquidating distribution is
expected to occur, will be provided in one or more future press
releases.
For more information, contact:
Pristine
Advisers – 1-888-4-ASIA-PAC
(1-888-427-4272) or
via email at
pbaronowski@pristineadvisers.com
The Asia Pacific Fund, Inc. is a diversified,
closed-end management investment company, organized as a Maryland
corporation and is registered with the SEC under the Investment
Company Act of 1940, as amended.
The investment objective of the Fund is to
achieve long-term capital appreciation through investment primarily
in equity securities in the Asia Pacific countries (excluding
Japan). The Fund is managed by Value Partners Hong Kong
Limited.
Past performance is no guarantee of future
performance. An investment in the Fund is subject to certain risks,
including market risk. In general, shares of closed-end funds often
trade at a discount from their net asset value and at the time of
sale may be trading on the exchange at a price that is more or less
than the original purchase price or the net asset value. An
investor should carefully consider the Fund’s investment objective,
risks, charges and expenses. Please read a Fund’s disclosure
documents before investing.
In addition to historical information, this
release contains forward-looking statements, which may concern,
among other things, domestic and foreign markets, industry and
economic trends and developments and government regulation and
their potential impact on the Fund’s investment portfolio. These
statements are subject to risks and uncertainties, including the
factors set forth in the Fund’s disclosure documents, filed with
the SEC, and actual trends, developments and regulations in the
future, and their impact on the Fund could be materially different
from those projected, anticipated or implied. The Fund has no
obligation to update or revise forward-looking statements.
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