BOSTON, Dec. 13,
2023 /PRNewswire/ -- The Board of Directors (the
"Board") of The China Fund, Inc. (the "Fund") has declared a
distribution in the amount of $.0185
per share. The distribution is comprised entirely of ordinary
income. The distribution will be payable on January 10, 2024 to stockholders of record on
December 28, 2023, with an
ex-dividend date of December 27,
2023.
The Fund has a Dividend Reinvestment and Cash Purchase Plan (the
"Plan") that is open to all stockholders. If the Fund's shares
trade at a premium to the net asset value of the Fund, the Plan
provides stockholders with the ability to invest in the Fund at an
amount less than market price per share. If the Fund is trading at
a discount, Plan participants will receive shares of the Fund
valued at market price per share. All stockholders may elect to
participate in the Plan or may withdraw at any time within the
limitations described in the Plan.
Stockholders who have questions regarding the distribution may
contact EQ Fund Solutions, LLC at 1 888 CHN CALL (246-2255).
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. While the Fund is permitted to invest
in direct equity investments of companies organized in China, it presently holds no such investments.
The Fund's shares are 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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SOURCE The China Fund, Inc.
