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Security Profile
- Security Type
- Closed-End Fund
- CUSIP
- 471110106
- Market Cap
- Micro Cap · $98 Million
- IPO
- 7/16/1992
- Previous Name
- JF China Region Fund, Inc.
Fund Description: JPMorgan China Region Fund, Inc., formerly JF China Region Fund Inc., is an exchange-traded closed-end fund (CEF) or a closed-end ETF that is officially described as a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The JPMorgan China Region Fund, Inc. seeks long-term capital appreciation. FUND STRATEGY: The Fund seeks to achieve its investment objectives through investments primarily in equity securities of companies with substantial assets in, or revenues derived from, the People’s Republic of China, Hong Kong, Taiwan and Macau (collectively, the China Region). It invests in a range of sectors, such as auto components, commercial banks, construction materials, diversified telecommunication services, energy equipment and services, hotels, restaurants and leisure, insurance, and multiline retail. FUND MANAGEMENT: JF International Management Inc., an indirect wholly owned subsidiary of JPMorgan Chase & Co. (JPMorgan), provides investment advisory services to the Fund.
Notes: June 30, 2017 -- The Board of Directors of JPMorgan China Region Fund, Inc. announced today that it has adopted a timeline to enact the liquidation of the Fund pursuant to the Plan of Liquidation and Dissolution (the ‘Plan’) previously approved by the Fund’s stockholders at the 2017 Annual Meeting of Stockholders. Pursuant to the Timeline, the Fund will close its stock register books at the close of business on July 10, 2017 and the trading of the Fund's stock on the New York Stock Exchange will be suspended before the market open on July 11, 2017. The proportionate interests of stockholders in the assets of the Fund shall be fixed on the basis of their respective holdings as of the close of business on the Determination Date, and the Fund expects to make a liquidating distribution to stockholders as of the Determination Date on or about July 12, 2017. It is currently expected that on July 21, 2017 the Fund will be de-listed from the NYSE. As described in the proxy statement and previous press releases, JFC assets held through the Qualified Foreign Institutional Investor (‘QFII’) program may only be repatriated once approved by Chinese regulators, the timing of which is not known. These assets will be held in Renminbi until such time that approval is granted. As a result, stockholders will not receive the net asset value, less liquidation costs, for these assets in the liquidating distribution, and instead will receive an interest in a liquidating trust that is anticipated to make additional distributions to stockholders upon repatriation of amounts under the QFII program. Wilmington Trust, NA is expected to serve as the liquidation trustee to the Trust and, in such role, will provide stockholders with periodic reports during the Trust’s operations. Further details about the stockholders’ interest in the Trust will accompany the liquidation distribution. ____________ December 6, 2013 -- JF China Region Fund, Inc. announces change of name. The Board of the JF China Region Fund, Inc (NYSE: JFC) announces that it has decided to include the JPMorgan branding in the Fund’s name, given that the JF brand no longer exists. Therefore, with effect from December 6, 2013 the Fund will change its name to: JPMorgan China Region Fund, Inc. The Company will begin trading under its new name on December 13, 2013. The Company’s ticker will remain as ‘JFC’ but the Fund’s website address will shortly change to www.jpmchinaregion.com.
Company Contact
- Headquarters
- One Beacon Street, 18th Fl., Boston, MA 02108
- Phone
- 800-441-9800 · Toll-Free 800-441-9800
- Investor Relations
- Susan Morrison · 617-366-0128