Source Capital, Inc. Provides Update on Discount Management Program and Announces Q4 Webcast
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May 28, 2021 This equates to an approximate 5.25% distribution rate based on the Fund’s closing market price on March 4, 2021. This revision enhances last week’s announcement for a total increase of 122% in the monthly distribution rate above the rate paid in February 2021. The newly approved distribution rate aligns with the monthly distribution strategy implemented this year. One of the goals of that strategy is to deliver more earnings, more quickly, to shareholders through a higher, regular monthly distribution rate. The Board also approved a Discount Management Program (the “Progra...
[December 24, 2020] The Korea Fund, Inc. Temporarily Halts Its Discount Management Program The Korea Fund, Inc. (NYSE:KF) (the "Fund") announced today that it is temporarily halting its Discount Management Program ("DMP") in advance of the Fund's transition of its investment management and administration to JP Morgan (News - Alert) Asset Management (Asia Pacific) Limited and its affiliates, which is expected to take effect on or about December 31, 2020. The Korea Fund, Inc. is a non-diversified, closed-end investment company. The Fund seeks long-term capital appreciation through investing pr...