JPMorgan China Region Fund, Inc. Annual Meeting of Stockholders & Proposals to Enhance Stockholder Value for Long-Term Stockh...
09 Junio 2016 - 10:46AM
Business Wire
JPMorgan China Region Fund, Inc. (‘JFC’ or the ‘Fund’) confirmed
today that it will hold its Annual Meeting at 11:00am EST on Friday
June 10, 2016.
The Board is pursuing a program intended to reduce the Fund’s
discount. This program may result in an increase in the Fund’s size
and thereafter permit repurchases of shares and other means of
returning capital to stockholders at close to NAV. While certain of
these proposals are still under negotiation, and there can be no
assurance that all of these proposals will be implemented, in part
because of the necessity to reach agreements with other parties
and/or obtain approval from stockholders, the Board and the Fund’s
investment adviser, JF International Management Inc., (‘JFIMI’)
believe pursuing this program is in the best interests of the Fund
and its stockholders. The Board will announce further details
regarding these proposals when they are finalized.
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.
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 Director 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 have been 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 submitted two stockholder proposals
for which they intend to solicit votes. 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, because they contain important information.
Stockholders and investors may 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 are
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/20160609006032/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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