Korea Equity Fund, Inc. Announces Cessation of Trading in Connection with the Liquidation of the Fund
July 05 2017 - 4:30PM
Korea Equity Fund, Inc. (NYSE:KEF) (the “Fund”) announced that it
anticipates that the cessation date of trading of the Fund’s shares
on the New York Stock Exchange (the “Exchange”) will be July 17,
2017 (the “Cessation Date”) in connection with the dissolution and
liquidation of the Fund. On the Cessation Date, the books of
the Fund will be closed with respect to shareholders.
Effective the business day following the Cessation Date, the
Fund’s shares will not be transferable and it is anticipated that
there will be no trading in shares of the Fund on the Exchange.
All Fund shareholders as of the close of business on the
Cessation Date will be entitled to receive a liquidating
distribution. The Cessation Date may be extended if necessary or
appropriate in connection with the orderly liquidation of the Fund
or to protect the interests of Fund shareholders.
The Fund will issue further announcements once
record and payment dates for any final dividends and distributions
are determined in connection with the liquidation of the Fund.
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
Korea Equity Fund, Inc. (NYSE:KEF)
Historical Stock Chart
From Sep 2024 to Oct 2024
Korea Equity Fund, Inc. (NYSE:KEF)
Historical Stock Chart
From Oct 2023 to Oct 2024