This Day On The Street
Continue to site right-arrow
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
TheStreet Open House

The Korea Fund, Inc. Reports Results For The Fiscal Quarter And Year Ended June 30, 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 year ended June 30, 2011.


At June 30,




Net Assets $ 549,088,581 $ 393,364,867
Shares Outstanding * 10,057,977 10,205,577
Net Asset Value ("NAV") $ 54.59 $ 38.54
Market Price $ 49.27 $ 34.74
Discount to NAV (9.75 )% (9.86 )%

Quarter ended June 30,



Net Investment Loss $ (825,793 ) $ (901,583 )
Per Share $ (0.08 ) $ (0.09 )
Net Realized and Change in Unrealized Gain (Loss) $ 10,262,690 $ (22,454,307 )
Per Share $ 1.04 $ (2.17 )

Year ended June 30,



Net Investment Income $ 94,027 $ 209,965
Per Share $ 0.01 $ 0.02
Net Realized and Change in Unrealized Gain $ 165,723,958 $ 94,279,733
Per Share $ 16.29 $ 9.01

* In March of 2010, the Fund instituted a share repurchase program. For the fiscal quarter ended June 30, 2011, the Fund repurchased 124,500 shares. As of June 30, 2011, since inception of the share repurchase program, 388,064 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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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 17,976.31 +263.65 1.49%
S&P 500 2,086.24 +25.22 1.22%
NASDAQ 4,947.4410 +56.2220 1.15%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs