JPMorgan China Region Fund, Inc. Liquidation Distribution
July 14 2017 - 5:05PM
Business Wire
JPMorgan China Region Fund, Inc. (the “Fund”) today made a
liquidating distribution pursuant to the plan of liquidation and
dissolution approved by the Fund’s stockholders at the 2017 Annual
Meeting of Stockholders (the “Liquidating Distribution”) in
exchange for and redemption of all of the Fund’s issued and
outstanding common stock. The gross proceeds of the Liquidating
Distribution is to be comprised of cash of $14.8840 per share of
the Fund’s common stock plus equity interests in JPMorgan China
Region Fund, Inc. Liquidating Trust (the “Liquidating Trust”) with
a fair market value of $5.1182 per share of the Fund’s common
stock. This Liquidating Distribution represents all of the Fund’s
net assets, except for amounts set aside for reasonably
ascertainable liabilities and obligations of the Fund and the
Liquidating Trust. Wilmington Trust, National Association will
serve as the liquidation trustee to the Liquidating Trust. Further
details about the shareholders’ interest in the Liquidating Trust
accompany the Liquidating Distribution.
As a result of the aforementioned organizational action, Fund
shareholders may recognize a gain or loss for U.S. tax purposes on
the redemption of the shares of the Fund’s common stock. A Fund
shareholder’s gain or loss will generally be measured as the
difference between the Fund shareholder’s pro rata share of the
gross proceeds of the Liquidating Distribution and the
shareholder’s tax basis in the shares of the Fund’s common stock
redeemed. Fund shareholders are urged to contact their tax advisers
to address any additional questions regarding the tax impact of the
Liquidating Distribution.
This release shall not constitute an offer to sell or a
solicitation to buy, nor shall there be any sale of Fund securities
in any state or jurisdiction in which such offer or solicitation or
sale would be unlawful prior to registration or qualification under
the laws of such state or jurisdiction.
JPMorgan Fund Services, in Boston, MA is the Fund’s accounting
and administrative agent.
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version on businesswire.com: http://www.businesswire.com/news/home/20170714005600/en/
JPMorgan China Region Fund, Inc.Simon Crinage, President and
Interested DirectororNeil Martin, Chief Operating Officer and
TreasurerTelephone: +44 20 7742 3436Email:
neil.s.martin@jpmorgan.comWebsite:
http://www.jpmchinaregionfund.com
JPMorgan China Region Fund, Inc. (NYSE:JFC)
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