Business News • MarketWire • Korea Equity Fund, Inc. Announces Conditional Tender Offer |
Korea Equity Fund, Inc. Announces Conditional Tender Offer |
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Korea Equity Fund, Inc. Announces Conditional Tender Offer
NEW YORK, NY--(Marketwire - Jun 7, 2011) - Korea Equity Fund, Inc. (NYSE: KEF) (the "Fund"), a closed-end equity fund, announced an enhanced Discount Management Plan in August 2010. Under the Plan, the Board of Directors will, among other things, annually evaluate whether, taking into account the Fund's performance, trading discount from net asset value and other relevant factors, the Fund should conduct a tender offer for between 5 and 15 percent of its outstanding shares of common stock.
View More : http://www.marketwire.com/mw/release.do?id=1523971&sourceType=3
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