The China Fund, Inc. Announces a Temporary Halt in its Discount Management Program
China Fund, Inc. (The) (CHN)
US:NYSE Investor Relations:
quicktake.morningstar.com/stocknet/secdocuments.aspx?symbol=chn
Company Research
Source: PR Newswire
BOSTON, March 23, 2020 /PRNewswire/ -- The Board of Directors of the China Fund, Inc. (NYSE: CHN) (the "Fund") announced today that it will continue the temporary suspension of the Fund's Discount Management Program ("DMP"), which was initiated on Monday, March 16, 2020. At a meeting of the Board of Directors on Friday March 20, 2020 the effects of the COVID-19 pandemic were considered impactful to both global economies and stock markets and hence responsible for creating the present excessive volatility in stock prices. Under such conditions, the Board determined that the Discount Management Program is currently unable to provide cost-effective value to stockholders and thus, its continuation currently is not in the best interests of the Fund or its stockholders. The Board will continue to monitor the situation on a daily basis and look to reinstate the Discount Management Program as soon as it is in the best interests of the Fund and its stockholders to do so.The Fund is a closed-en
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Sec Filings
- 11/14/24 - Form SCHEDULE
- 11/14/24 - Form SC
- 10/9/24 - Form SC
- CHN's page on the SEC website