The China Fund Inc.
09/10/2021 | Press release | Distributed by Public on 09/10/2021 16:01
THE CHINA FUND, INC. RECORDS THIRD QUARTER RESULTS
THE CHINA FUND, INC. RECORDS THIRD QUARTER RESULTS
FOR IMMEDIATE RELEASE
CONTACT:
Michael He
AST Fund Solutions
201.806.7310
[email protected]
Chairman Julian Reid
+44 7768 068 200
NEW YORK, New York, September 10, 2021 --- The China Fund, Inc. (NYSE: CHN) today announced its financial results for its third fiscal quarter ended July 31, 2021. The Fund is a closed-end management investment company with the objective of seeking long-term capital appreciation by investing primarily in equity securities (i) of companies for which the principal securities trading market is in the People's Republic of China ('China'), or (ii) of 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 both cases derive at least 50% of their revenues from goods and services sold or produced, or have at least 50% of their assets, in China. Whilst the Fund is permitted to invest in direct equity investments of companies organized in China, it presently holds no such investments.
|
Nine Months Ended July 31, 2021 |
Twelve Months Ended October 31, 2020 |
Nine Months Ended July 31, 2020 |
|
| Net Investment Income | $1,076,354 | $675,279 | $1,130,724 |
| Net Investment Income Per share | $0.10 | $0.06 | $0.11 |
|
Net Realized and Unrealized Gains on Investments and Foreign Currency Transactions |
$18,152,584 | $104,894,256 | $81,335,467 |
|
Nine Months Ended July 31, 2021 |
Twelve Months Ended October 31, 2020 |
Nine Months Ended July 31, 2020 |
|
|
Net Realized and Unrealized Gains on Investments and Foreign Currency Transactions Per Share |
$1.74 | $10.04 | $7.77 |
| Total Net Assets | $323,747,776 | $329,412,097 | $306,900,128 |
| Net Asset Value | $31.06 | $31.52 | $29.30 |
| Shares Outstanding | 10,424,861 | 10,449,992 | 10,473,095 |
The Fund's total net assets on July 31, 2021 were $323,747,776 and its net asset value per share was $31.06 based on 10,424,861 shares outstanding. A combined distribution of $2.3123 per share from net investment income and realized gains was made in December 2020.
The China Fund, Inc. is listed on the New York Stock Exchange under the ticker symbol 'CHN'.
The Fund's investment manager is Matthews International Capital Management, LLC.
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.
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