Weiss Korea Opportunity Fund Declares Dividend for Period Ended April 30, 2024

The Weiss Korea Opportunity Fund Ltd., a closed-ended investment scheme incorporated in Guernsey, has declared a dividend for the period ended April 30, 2024, with a payment date of June 24, 2024, affecting investors' returns and investment decisions in South Korea and Guernsey. The dividend amount is set at 0.051851 pounds per share, with a net asset value of £127.25 million as of May 14, 2024." This description focuses on the primary topic of the dividend declaration, the main entity of the Weiss Korea Opportunity Fund, and the context of the investment scheme in Guernsey and South Korea. It also highlights the significant action of the dividend payment and its implications for investors. The objective details provided, such as the dividend amount and net asset value, will help guide the AI in creating an accurate visual representation of the article's content.

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Weiss Korea Opportunity Fund Declares Dividend for Period Ended April 30, 2024

Weiss Korea Opportunity Fund Declares Dividend for Period Ended April 30, 2024

The Directors of Weiss Korea Opportunity Fund Ltd., a closed-ended investment scheme incorporated in Guernsey, have declared a dividend for the period ended April 30, 2024, in accordance with the Company's dividend policy. The dividend will have an ex-dividend date of Thursday, May 23, 2024, a record date of Friday, May 24, 2024, and a payment date of Friday, June 24, 2024.

Why this matters: This dividend declaration has significant implications for investors in the Weiss Korea Opportunity Fund, as it affects their returns and investment decisions. Moreover, it may also influence the broader investment landscape in South Korea and Guernsey, as market participants closely watch dividend announcements from major funds.

The dividend amount has been set at 0.051851 pounds per share (Sterling). The dividend payment is in line with the dividend policy outlined in the Chair's Review to the 2023 Annual Report & Accounts.

As of May 14, 2024, the Company's net assets were £127.25 million, based on unaudited estimated valuations. The Net Asset Value (NAV) per share was reported as 183.71 pence per share (ISIN: GG00B933LL68). However, the Company notes that the NAV figure is an estimate based on unaudited valuations, and actual results may differ materially.

From April 4, 2022, the NAV will be calculated based on data as at the close of business in South Korea for all assets and FX rates and will generally be published during London market trading hours on the same day. Dividends from the Company's underlying investments will generally be accounted for in the NAV of the Company on the relevant ex-dates (or accrued on the ex-date based on an estimated amount if the actual amount is unknown).

The Company, the Investment Manager, the Administrator, or any of its/their respective members, directors, officers, agents, employees, or advisers take no responsibility for, and will accept no liability, whether direct or indirect, express or implied, contractual, tortious, statutory, or otherwise, in respect of the accuracy or completeness of the information or for any loss, howsoever arising, from the use of this release.

For further information, interested parties can contact Andy Le Page at Northern Trust International Fund Administration Services (Guernsey) Limited at +44 (0) 1481 745405. Additional contact details are available for Singer Capital Markets, the Company's Nominated Adviser and Sales contact. The Weiss Korea Opportunity Fund Ltd. maintains a website at www.weisskoreaopportunityfund.com.

Key Takeaways

  • Weiss Korea Opportunity Fund declares dividend for period ended April 30, 2024.
  • Dividend amount: 0.051851 pounds per share (Sterling).
  • Ex-dividend date: May 23, 2024; Record date: May 24, 2024; Payment date: June 24, 2024.
  • Net assets: £127.25 million as of May 14, 2024; NAV per share: 183.71 pence.
  • Dividend payment in line with Company's dividend policy outlined in 2023 Annual Report.