JPMorgan China Region Fund, Inc. Postponement of Annual Meeting of Stockholders
09 Mayo 2016 - 9:04AM
Business Wire
JPMorgan China Region Fund, Inc. (‘JFC’ or the ‘Fund’) announced
today that its Board of Directors (the ‘Board’) has determined to
postpone the Annual Meeting of Stockholders of JFC originally
scheduled for 11:00am EST on Thursday May 12, 2016. The new date
and time for the Annual Meeting will be 11:00am EST on Friday June
10, 2016.
The Board is evaluating various proposals intended to reduce the
Fund’s discount, increase the Fund’s size and appeal and enhance
stockholder value. While there can be no assurance that all or any
of these proposals will be implemented, the Board and the Fund’s
investment adviser, JF International Management Inc., (‘JFIMI’)
believe it is in the best interests of the Fund and its
stockholders to fully explore these proposals prior to convening
the Annual Meeting. The Board will announce further details
regarding these proposals if and/or when they are finalized.
Postponement of the Annual Meeting will give stockholders the
opportunity to evaluate any new information prior to voting at the
Annual Meeting. The record date for the Annual Meeting of
Stockholders remains March 24, 2016. In addition, the location of
the Annual Meeting remains the same and will be held at the offices
of J.P. Morgan Asset Management, 270 Park Avenue, New York, NY
10017.
A letter is being sent to stockholders of the Fund providing
details about the new date of the Annual Meeting.
SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS OF THE FUND
The Fund, the members of the Board that are not “interested
persons” within the meaning of the Investment Company Act of 1940,
as amended, (‘Independent Directors’) and JFIMI may be deemed to be
participants in the solicitation of proxies of the Fund's
stockholders in connection with the Annual Meeting. Stockholders of
the Fund may obtain information about the Independent Directors,
along with the Fund's interested Directors and executive officers,
including their beneficial ownership of shares of the Fund's common
stock, and information about JFIMI, in the Proxy Materials and
other relevant documents that may be filed by the Fund with the
Securities and Exchange Commission (‘SEC’) in connection with the
Annual Meeting. This solicitation may be made via regular or
electronic mail.
Two activist shareholders, Ancora Catalyst Fund LP and Merlin
Partners LP, (‘Ancora’) have already submitted a stockholder
proposal and now submit an additional stockholder proposal, and
they intend to solicit votes “for” the approval of each of the
stockholder proposals. Ancora has sent a definitive proxy
statement, white proxy card and related proxy materials to
stockholders of the Fund seeking their support of each of the
stockholder proposals at the Fund’s 2016 Annual Meeting. This
solicitation recommends that you vote AGAINST Ancora’s proposals
and FOR the election of Directors.
Stockholders and investors are urged to carefully read the proxy
materials sent to stockholders and other documents filed with the
SEC when they become available, because they will contain important
information.
Stockholders and investors will be able to obtain a free copy of
the proxy statement (including any amendments thereto if and when
they become available) and other documents filed by the Fund with
the SEC through the website maintained by the SEC at
http://www.sec.gov. Copies of the documents filed with the SEC by
the Fund will be available free of charge on the Fund’s internet
website at http://www.jpmchinaregionfund.com
Certain statements contained in this release may be
forward-looking in nature. These include all statements relating to
plans, expectations, and other statements that are not historical
facts and typically use words like “expect,” “anticipate,”
“believe,” and similar expressions. Such statements represent the
current beliefs of the Board or JFIMI, based upon information
available at the time the statements are made, with regard to the
matters addressed. All forward-looking statements are subject to
risks and uncertainties that could cause actual results to differ
materially from those expressed in, or implied by, such statements.
The Board does not undertake any obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events, or otherwise.
The following factors, among others, could cause actual results
to differ materially from forward-looking statements: (i) the need
to obtain any necessary regulatory approvals; (ii) the effects of
changes in market and economic conditions; (iii) other legal and
regulatory developments; and (iv) other additional risks and
uncertainties.
The Fund is a non-diversified, closed-end management investment
company whose shares are traded on the New York Stock Exchange. The
Fund trades under the symbol “JFC.”
The Fund seeks to achieve long-term capital appreciation through
investments primarily in equity securities of companies with
substantial assets in, or revenues derived from, the People's
Republic of China, Hong Kong, Taiwan and Macau--collectively, the
China Region.
JPMorgan Fund Services, in Boston, MA is the Fund’s accounting
and administrative agent.
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version on businesswire.com: http://www.businesswire.com/news/home/20160509005961/en/
JPMorgan China Region Fund, Inc.Simon Crinage, President and
Interested DirectorLucy Dina, SecretaryTelephone: +44 20 7742
4000Email: lucy.j.dina@jpmorgan.comWebsite:
http://www.jpmchinaregionfund.com
JPMorgan China Region Fund, Inc. (NYSE:JFC)
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