BOSTON, Feb. 26, 2025 /PRNewswire/ — The China Fund, Inc. (NYSE: CHN) today announced its financial results for its first fiscal quarter ended January 31, 2025.
For the three months ended January 31, 2025, the Fund recorded net investment income of $90,470 or $0.01 per share, versus a net investment loss of $275,921 or $0.03 per share, for the quarter ended January 31, 2024. Net realized and unrealized losses on investments and foreign currency transactions for the three months ended January 31, 2025 were $5,522,879 or $0.57 per share, compared to net realized and unrealized losses on investments and foreign currency transactions of $11,893,878 or $1.19 per share, for the three months ended January 31, 2024.
As of January 31, 2025, the Fund had total net assets of $135,868,947, and its net asset value per share was $13.98 based on 9,717,390 shares outstanding. A distribution of $0.1497 per share from ordinary income was declared on December 13, 2024 and paid on January 10, 2025 to shareholders of record on December 30, 2024.
The table below provides the Fund’s total net assets, net asset value per share, and shares outstanding for various time periods.
| January 31, 2025 | October 31, 2024 | January 31, 2024 | |
| Total Net Assets | $135,868,947 | $143,558,730 | $106,253,367 |
| Net Asset Value Per Share | $13.98 | $14.67 | $10.65 |
| Shares Outstanding | 9,717,390 | 9,783,829 | 9,975,624 |
The Fund is a closed-end management investment company with the objective of seeking long-term capital appreciation by investing primarily in equity securities of (i) companies for which the principal securities trading market is in the People’s Republic of China (“China“), or (ii) 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 each case derive at least 50% of their revenues from goods and services sold or produced, or have at least 50% of their assets, in China. While the Fund is permitted to invest in direct equity investments of companies organized in China, it presently holds no such investments. Shares of the Fund are listed on the New York Stock Exchange under the ticker symbol “CHN”. The Fund’s investment manager is Matthews International Capital Management, LLC.
Past performance is not indicative of future results. You should consider the Fund’s investment objectives, risks, and charges and expenses carefully before you invest.
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.
SOURCE The China Fund, Inc.