Every material Form 8-K KOREA FUND INC filed with the SEC in 2008, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
The Korea Fund mailed its annual report for the fiscal year ended June 30, 2008, with a Chairman's letter dated July 31, 2008, furnished as Exhibit 99.1. The letter reports that the Fund's net asset value declined 14.7% over the period, compared with a 12.7% decline in the MSCI Korea (Total Return) Index, though the Fund ranked 6th in a 16-member peer group for the 12 months ended June 30, 2008.
NAV declined 14.7% over the July 1, 2007 to June 30, 2008 period; MSCI Korea (Total Return) Index declined 12.7%
Dividends of $15.94 per share were paid in November 2007, versus $6.67 in November 2006, plus $1.30 per share in January 2008
Fund accepted 4,303,210 shares in a tender offer, about 15% of outstanding shares
Realized capital gains of approximately $225.4 million ($9.24 per share) are expected to be paid to stockholders in January 2009
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every KOREA FUND INC filing is on SEC EDGAR ↗. 8-K briefs of other companies →