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SOURCE The China Fund, Inc.
NEW YORK, Sept. 13, 2013 /PRNewswire/ -- The China Fund, Inc. (NYSE: CHN) today announced its financial results for the third quarter ended July 31, 2013. The Fund is a closed-end management investment company with the investment objective of long-term capital appreciation which it seeks to achieve by investing primarily in equity securities (i) of companies for which the principal securities trading market is the People's Republic of China ("China"), (ii) of companies for which the principal securities trading market is outside of China, or constituting direct equity investments in companies organized outside of China, that in both cases derive at least 50% of their revenues from goods and services sold or produced, or have at least 50% of their assets, in China and (iii) constituting direct equity investments in companies organized in China.
For the nine months ended July 31, 2013, the Fund recorded a net investment income of approximately $5,398,913 versus a net investment income of approximately $3,888,072 for the nine months ended July 31, 2012. Net realized and unrealized gains for the nine months ended July 31, 2013 were $33,409,711 or $2.13 per share compared to net realized and unrealized losses of -$56,369,498 or -$3.34 per share for the nine months ended July 31, 2012.
The Fund's total net assets on July 31, 2013 were $372,375,177 and its net asset value per share was $23.75, based on 15,682,029 shares outstanding. After taking into consideration the distribution of $3.2517 per share paid on December 28, 2012, the Fund's total return for the nine months ended July 31, 2013 was 11.86%.
July 31, 2013
October 31, 2012
July 31, 2012
Total Net Assets
Net Asset Value
The China Fund, Inc. is listed on the New York Stock Exchange under the ticker symbol "CHN". The Fund's investment manager is RCM Asia Pacific Ltd.
For further information regarding the Fund and the Fund's holdings, please call (888)-CHN-CALL or visit the Fund's website at www.chinafundinc.com.