The Korea Fund, Inc. Announces Final Results of Tender Offer
Korea Fund, Inc. (The) New (KF)
US:NYSE Investor Relations:
thekoreafund.com
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--The Board of Directors (the “Board”) of The Korea Fund, Inc. (the “Fund”) (NYSE: KF) today announced the final results of its tender offer.As previously announced, the Fund conducted a tender offer to purchase for cash up to 12.5% of its issued and outstanding common stock, at a price equal to 98.5% of its net asset value (“NAV”) per share determined on the expiration date. The Fund’s tender offer, which expired at 5:00 p.m. New York City time, on Monday, September 16, 2024, was oversubscribed.Since the Fund’s tender offer was oversubscribed, the Fund will purchase 12.5% of its respective outstanding common shares on a pro-rata basis based on the number of shares properly tendered (Pro-Ration Factor). The final results of the tender offer are provided in the table below.Number ofSharesTenderedNumberofTenderedSharesto bePurchasedPro-RationFactorPurchasePrice(98.5% ofNAVonExpirationDate)Number ofOutstandingShares afterTenderOffer3,196,339604,14418.901%$26.
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- 11/14/24 - Form SCHEDULE
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- KF's page on the SEC website