The Korea Fund, Inc. Appoints New Agent for its Discount Management Program
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. (NYSE: KF) (the “Fund”) has appointed Stifel, Nicolaus & Company, Incorporated (the “Program Manager”) to serve as its agent and broker for purposes of implementing the Fund’s Discount Management Program (the “Program”), with effect as of December 16, 2024.The Program provides that the Fund may repurchase annually up to 10% of its common shares outstanding as of the close of business on June 30th of the prior year in open market transactions when such shares are trading above a specified discount threshold in accordance with the procedures and parameters (the “Share Purchase Procedures”) adopted by the Board. The Board may amend the Share Purchase Procedures, including the discount threshold, from time to time when it believes such amendment is in the best interest of the Fund and its shareholders and without prior notice. The Share Purchase Procedures, including any amendments thereto, are des
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Sec Filings
- 11/26/24 - Form NPORT-P
- 11/14/24 - Form SCHEDULE
- 11/14/24 - Form SC
- KF's page on the SEC website