JPMorgan China Region Fund, Inc. Results of Annual Meeting of Stockholders
26 July 2016 - 8:03AM
Business Wire
JPMorgan China Region Fund, Inc. (‘JFC’ or the ‘Fund’) announced
today that American Election Services, LLC (‘AES’), the independent
inspector of elections for the Fund’s 2016 Annual Meeting of
Stockholders held on July 20, 2016, has certified the final results
of the meeting. AES has certified that, as announced on July 20,
2016 based on the solicitor’s preliminary vote count, the Fund’s
stockholders have voted to:
- Approve the election of Mr. John R.
Hass and Mr. Alistair E.M. Laband as Directors for a term expiring
in 2019; and
- Reject the two stockholder proposals
put forth by two activist stockholders, Ancora Catalyst Fund LP and
Merlin Partners LP, to terminate the investment advisory agreement
between the Fund and JF International Management Inc., and to
request the Board authorize a self-tender offer and potential
liquidation of the Fund.
The final certified quorum and voting results provided to the
Fund by AES are as follows:
Shares Outstanding
6,447,637 Total Shares Voted
5,452,187 Quorum Percentage 84.56%
Proposal 1: Election of Directors For
Withheld Hass 4,658,869 793,318
Laband 4,658,941 793,246
Proposal 2: Terminationof Advisory
Agreement
For Against Abstain 748,682 4,462,875
23,646
Proposal 3:Recommendation ofTender
Offer
For Against Abstain 1,032,137 4,180,838
15,316
The Fund is a non-diversified, closed-end management investment
company whose shares are traded on the New York Stock Exchange. The
Fund trades under the symbol “JFC.”
The Fund seeks to achieve long-term capital appreciation 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.
Copies of the documents filed with the SEC by the Fund are
available free of charge on the Fund’s internet website at
http://www.jpmchinaregionfund.com
JPMorgan Fund Services, in Boston, MA is the Fund’s accounting
and administrative agent.
This release shall not constitute an offer to sell or a
solicitation to buy, nor shall there be any sale of Fund securities
in any state or jurisdiction in which such offer or solicitation or
sale would be unlawful prior to registration or qualification under
the laws of such state or jurisdiction.
Investing involves risk and it is possible to lose money on any
investment in the Fund. Past performance is no guarantee of future
returns.
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version on businesswire.com: http://www.businesswire.com/news/home/20160725006374/en/
Simon Crinage,President and Interested DirectorLucy Dina,
SecretaryTelephone: +44 20 7742 4000Email:
lucy.j.dina@jpmorgan.comWebsite:
http://www.jpmchinaregionfund.com
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