NEW YORK, July 13, 2017 (GLOBE NEWSWIRE) -- The Asia Pacific Fund, Inc. (NYSE:APB) (the “Fund”) announced today that its Annual Meeting of Stockholders will be delayed until October 12, 2017 to allow the Fund’s Board of Directors time to consider strategic options for the Fund. The Fund will reopen the submission period for notice of stockholder proposals intended to be presented at such Annual Meeting for an additional period of ten days.
Any such notice of a stockholder proposal must be received by the Fund’s Secretary at 48 Wall Street, 22nd Floor, New York, New York 10005 by not later than 5:00 p.m., Eastern Time on July 23, 2017. Any notice of proposal received after such date will be considered untimely and the related proposal will be excluded from consideration at the Annual Meeting in accordance with the Fund’s Bylaws. The mere submission of a notice of proposal by a stockholder does not guarantee that such proposal will be considered at the Annual Meeting because certain federal rules and the Fund’s Bylaws must be complied with before a proposal may be presented.
The Asia Pacific Fund, Inc. is a diversified, closed-end management investment company, organized as a Maryland corporation and is registered with the SEC under the Investment Company Act of 1940, as amended.
The investment objective of the Fund is to achieve long-term capital appreciation through investment primarily in equity securities in the Asia Pacific countries (excluding Japan). The Fund is managed by Value Partners Hong Kong Limited.
Past performance is no guarantee of future performance. An investment in the Fund is subject to certain risks, including market risk. In general, shares of closed-end funds often trade at a discount from their net asset value and at the time of sale may be trading on the exchange at a price that is more or less than the original purchase price or the net asset value. An investor should carefully consider the Fund’s investment objective, risks, charges and expenses. Please read a Fund’s disclosure documents before investing.
In addition to historical information, this release contains forward-looking statements, which may concern, among other things, domestic and foreign markets, industry and economic trends and developments and government regulation and their potential impact on the Fund’s investment portfolio. These statements are subject to risks and uncertainties, including the factors set forth in the Fund’s disclosure documents, filed with the SEC, and actual trends, developments and regulations in the future, and their impact on the Fund could be materially different from those projected, anticipated or implied. The Fund has no obligation to update or revise forward-looking statements.