Business News • MarketWire • Korea Equity Fund, Inc. Reports Shareholder Proposal |
Korea Equity Fund, Inc. Reports Shareholder Proposal |
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Korea Equity Fund, Inc. Reports Shareholder Proposal
NEW YORK, NY--(Marketwire - April 8, 2011) - Korea Equity Fund, Inc. (NYSE: KEF) (the "Fund"), a closed-end equity fund, reported that it received a shareholder proposal in connection with the Fund's annual meeting of shareholders scheduled to be held on August 18, 2011. The proposal requests that the Board of Directors of the Fund take necessary action to convert the Fund from a closed-end fund to an interval fund structure pursuant to which the Fund would make specified periodic repurchase offers for shares of its outstanding common stock. The Board of Directors is reviewing the shareholder proposal.
View More : http://www.marketwire.com/mw/release.do?id=1425199&sourceType=3
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