PHILADELPHIA, Dec. 2, 2013 /PRNewswire/ -- The Board of
Directors of The Greater China Fund, Inc. (the "Fund") (NYSE: GCH),
announced today that they have approved a name change of the Fund,
which will take place on December 2,
2013. The Fund's change of name is designed to identify the
Fund's investment manager more clearly and differentiate the Fund
in a competitive market. The Fund's investment objective and ticker
will remain the same. The name change is as follows:
Current Fund
Name
|
Ticker
|
New Fund
Name
|
Website
|
The Greater China
Fund, Inc.
|
GCH
|
Aberdeen Greater
China Fund, Inc.
|
www.aberdeengch.com
|
(Logo:
http://photos.prnewswire.com/prnh/20121106/NE07292LOGO)
Aberdeen's U.S. closed-end fund family provides access to the
world's emerging markets, specific regions, or particular
countries. Each fund benefits from Aberdeen's diligent company
research process and disciplined portfolio construction. Reflecting
the firm's breadth and global capabilities, Aberdeen Asset
Management is the largest manager of emerging market closed-end
funds offered around the world by both value and
number.[1]
For more information about Aberdeen's closed-end funds, please
visit Aberdeen's Closed-End Fund Investor Center at
www.aberdeen-asset.us/cef
Important Information
Aberdeen Greater China Fund,
Inc. is a closed-end management investment company that seeks
long-term capital appreciation through investment in listed equity
securities of China companies that
(i) are organized under the laws of, and have their principal place
of business in, China and/or
Hong Kong and/or Taiwan; or (ii) during their most recent
fiscal year derived at least 50% of their revenues or profits from
goods produced or sold, investments made or services performed in
China and/or Hong Kong and/or Taiwan or have at least 50% of their assets in
China and/or Hong Kong and/or Taiwan. The Fund's shares are traded on the
New York Stock Exchange under the trading symbol "GCH."
International investing entails special risk considerations,
including currency fluctuations, lower liquidity, economic and
political risks, and differences in accounting methods; these risks
are generally heightened for emerging market investments.
Concentrating investments in the China region subjects the Fund to more
volatility and greater risk of loss than geographically diverse
funds. Equity stocks of small and mid-cap companies carry greater
risk, and more volatility than equity stocks of larger, more
established companies.
Closed-end funds are traded on the secondary market through one
of the stock exchanges. The Fund's investment return and principal
value will fluctuate so that an investor's shares may be worth more
or less than the original cost. Shares of closed-end funds may
trade above (a premium) or below (a discount) the net asset value
(NAV) of the fund's portfolio. There is no assurance that a fund
will achieve its investment objective. Past performance does not
guarantee future results.
Aberdeen Asset Management is the marketing name in the U.S. for
the following affiliated, registered investment advisers: Aberdeen
Asset Management Inc., Aberdeen Asset Managers Limited, Aberdeen
Asset Management Limited and Aberdeen Asset Management Asia Limited
(collectively, the "Aberdeen Advisers"). Each of the Aberdeen
Advisers is wholly owned by Aberdeen Asset Management PLC.
If you wish to receive this information electronically, please
contact: InvestorRelations@aberdeen-asset.com
www.aberdeengch.com
[1] Fund Consultants LLC, February 2013. Based on analysis of emerging
market closed-end funds offered in multiple jurisdictions as of
December 31, 2012; data provided by
Morningstar Inc. Closed-end funds are defined as investment
companies that are 1) listed on a recognized exchange; 2) possess
fixed share capital; and 3) were formed via subscriptions from the
public via an open offer or placement. Criteria for inclusion in
the emerging markets category is based on the World Bank's
definition of emerging countries as measured by lower and middle
income per capita. Criteria for fund inclusion is 1) at least 75%
of gross assets invested in emerging markets; and 2) funds with
under 25% exposure to Asian developed markets.
SOURCE The Greater China Fund, Inc.