This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The Korea Fund, Inc. Reports Results For The Fiscal Quarter And Nine Months Ended March 31, 2011

The Korea Fund, Inc. (the "Fund") (NYSE: KF), a non-diversified, closed-end investment company, which seeks long-term capital appreciation through investment in securities, primarily equity securities, of Korean companies, today announced its results for the fiscal quarter and nine months ended March 31, 2011.


At March 31,




Net Assets $545,671,314 $424,590,454
Shares Outstanding * 10,182,477 10,432,841
Net Asset Value ("NAV") $53.59 $40.70
Market Price $48.30 $36.70
Discount to NAV (9.87)% (9.83)%

Quarter ended March 31,



Net Investment Income (Loss) $(207,811) $705,629
Per Share $(0.02) $0.07
Net Realized and Change in Unrealized Gain $51,503,850 $11,932,124
Per Share $5.06 $1.15

Nine Months ended March 31,



Net Investment Income $919,820 $1,111,548
Per Share $0.09 $0.11
Net Realized and Change in Unrealized Gain $155,461,268 $116,734,040
Per Share $15.25 $11.18

* In March of 2010, the Fund instituted a share repurchase program. For the fiscal quarter ended March 31, 2011, the Fund repurchased 23,100 shares. As of March 31, 2011, since inception of the share repurchase program, 263,564 shares have been repurchased. The program allows the Fund to repurchase in the open market up to 5% of its common shares outstanding as of February 22, 2010. The program has no expiration.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs