The Thai Capital Fund, Inc. Announces Payment of Annual
Distribution for 2012
PHILADELPHIA, Jan. 11, 2013 /PRNewswire/ -- The Thai
Capital Fund, Inc. (NYSE MKT:TF) (the "Fund"), a closed-end
management investment company, today announced that it paid on
January 11, 2013 a distribution of
U.S. $0.987071 per share to all
shareholders of record as of December 31,
2012.
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)
Under U.S. tax rules applicable to the Fund, the amount and
character of distributable income for each fiscal year can be
finally determined only as of the end of the Fund's fiscal year.
However, under Section 19 of the Investment Company Act of 1940, as
amended (the "1940 Act") and related Rules, the Fund may be
required to indicate to shareholders the source of certain
distributions to shareholders.
The following table sets forth the estimated amounts of the
sources of the distribution for purposes of Section 19 of the 1940
Act and the Rules adopted thereunder. The table has been computed
based on generally accepted accounting principles. The table
includes estimated amounts and percentages for this distribution
and for the cumulative distributions paid fiscal year to date
(01/01/2012 - 12/31/2012), from the
following sources: net investment income; net realized short-term
capital gains; net realized long-term capital gains; and return of
capital.
|
Estimated
Amounts
of
Current
Distribution per
share
($)
|
Estimated
Amounts
of
Current
Distribution
per share
(%)
|
Estimated
Amounts of
Fiscal
Year to
Date
Cumulative
Distributions
per share
($)
|
Estimated
Amounts
of
Fiscal
Year to
Date
Cumulative
Distributions
per share
(%)
|
|
Net
Investment Income
|
-
|
-
|
-
|
-
|
|
Net
Realized Short-Term Capital Gains
|
0.412126
|
42%
|
0.412126
|
42%
|
|
Net
Realized Long-Term Capital Gains
|
0.574945
|
58%
|
0.574945
|
58%
|
|
Return of
Capital
|
-
|
-
|
-
|
-
|
|
Total (per
common share)
|
0.987071
|
100%
|
0.987071
|
100%
|
The amounts and sources of distributions reported in this
notice are only estimates and are not being provided for tax
reporting purposes. The final determination of the source of all
distributions in 2012 will be made after year-end. The actual
amounts and sources of the amounts for tax reporting purposes will
depend upon the Fund's investment experience during the remainder
of the fiscal year and may be subject to change based on tax
regulations. The Fund will send you a Form 1099-DIV for the
calendar year that will tell you how to report these distributions
for federal income tax purposes.
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 the Fund
will achieve its investment objective. Past performance does not
guarantee future results.
Circular 230 disclosure: To ensure compliance with
requirements imposed by the U.S. Treasury, we inform you that any
U.S. tax advice contained in this communication (including any
attachments) is not intended or written to be used, and cannot be
used, for the purpose of (i) avoiding penalties under the Internal
Revenue Code or (ii) promoting, marketing or recommending to
another party any transaction or matter addressed herein.
SOURCE The Thai Capital Fund, Inc.
