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CHN China Fund Inc

12.35
0.17 (1.40%)
24 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
China Fund Inc NYSE:CHN NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.17 1.40% 12.35 12.43 12.105 12.18 20,040 18:01:04

THE CHINA FUND, INC. RECORDS THIRD QUARTER 2023/2024 RESULTS

09/09/2024 9:45pm

PR Newswire (US)


China (NYSE:CHN)
Historical Stock Chart


From Jun 2024 to Dec 2024

Click Here for more China Charts.

BOSTON, Sept. 9, 2024 /PRNewswire/ -- The China Fund, Inc. (NYSE: CHN) today announced its financial results for its third fiscal quarter ended July 31, 2024.

For the nine months ended July 31, 2024, the Fund recorded net investment income of $1,408,498 or $0.14 per share, versus net investment income of $556,690 or $0.06 per share, for the nine months ended July 31, 2023. Net realized and unrealized loss on investments and foreign currency transactions for the nine months ended July 31, 2024 was $4,133,400 or $0.42 per share, compared to net realized and unrealized gain on investments and foreign currency transactions of $35,358,192 or $3.52 per share, for the nine months ended July 31, 2023.

The Fund's total net assets on July 31, 2024 were $114,646,675 and its net asset value per share was $11.61 based on 9,871,307 shares outstanding. A distribution of $0.0185 per share from net investment income was declared in December 2023 and paid in January 2024.

The table below provides the Fund's total net assets, net asset value, and shares outstanding for various time periods.


July 31, 2024

October 31, 2023

July 31, 2023





Total Net Assets

$114,646,675

$119,149,099

$145,190,141

Net Asset Value Per Share

$11.61

$11.88

$14.44

Shares Outstanding

9,871,307

10,029,955

10,051,449

The Fund is a closed-end management investment company with the objective of seeking long-term capital appreciation by investing primarily in equity securities of (i) companies for which the principal securities trading market is in the People's Republic of China ("China"), or (ii) 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 each case 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. Shares of the Fund are listed on the New York Stock Exchange under the ticker symbol "CHN". The Fund's investment manager is Matthews International Capital Management, LLC.

Past performance is not indicative of future results. You should consider the Fund's investment objectives, risks, and charges and expenses carefully before you invest.

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.

Cision View original content:https://www.prnewswire.com/news-releases/the-china-fund-inc-records-third-quarter-20232024-results-302242468.html

SOURCE The China Fund, Inc.

Copyright 2024 PR Newswire

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