* The Korea Fund, Inc has utilized a different methodology than third party service providers to account for the $90.30 capital gain distribution that was declared on December 22, 2008 and paid on January 29, 2009. Consequently the Fund is reporting different performance data for December 2008 and January 2009. Net asset value total returns for all periods that include December 2008 or January 2009 have been calculated assuming that the capital gain distribution was paid entirely in newly issued Fund shares priced at the Fund's net asset value at the close of business on January 26, 2009 (the "Pricing Date"). In addition, the NAV for December 31, 2008 has been adjusted for purposes of calculating performance to reflect the actual number of shares outstanding on that date whereas the published NAV for December 31, 2008 was calculated based on an estimate made on December 31, 2008 of the number of shares to be issued in the distribution. For additional information, please see the press release dated October 12, 2009, which is available at www.thekoreafund.com under News and Press Releases.
** The High/Low prices have not been adjusted historically for the 1-for-10 reverse stock split that occurred on December 22, 2008.
Past performance is no guarantee of future results. Investment return and the value of shares will fluctuate.
The Fund seeks long-term capital appreciation through investment in Korean securities. An investment in the Fund involves risk, including loss of principal. Investing in non-U.S. securities entails additional risks, including political and economic risk and the risk of currency fluctuations, as well as lower liquidity. These risks, which can result in greater price volatility, will generally be enhanced in less diversified funds that concentrate investments in a particular geographic region.
Returns are calculated by subtracting the value of a share at the beginning of the period from the value at the end and dividing the difference by the initial value, expressing the result as a percent change. The calculation assumes that all distributions during the period have been reinvested on the payable dates, at NAV or at market price according to how the returns are labeled. The returns do not reflect broker sales charges or commissions. Net asset value (NAV) is total assets less total liabilities divided by the number of shares outstanding.
Dividend Yield (Market) is calculated by annualizing the most recent regular distribution per share and dividing by the closing market price listed above. The Fund's distributions may be comprised of ordinary income, net capital gains, return of capital or a combination thereof. Distribution rates on Fund common shares are subject to change and are not a quotation of fund performance. Please refer to the most recent Section 19 Notice, if applicable, for additional information regarding the composition of distributions.
This information is unaudited and is intended for informational purposes only. This is not an offer or solicitation for the purchase or sale of any financial instrument. It is presented only to provide information on investment strategies and opportunities.
The Fund is a closed-end exchange traded management investment company. This material is presented only to provide information and is not intended for trading purposes. Closed-end funds, unlike open-end funds, are not continuously offered. After the initial public offering, shares are sold on the open market through a stock exchange, where shares may trade at a premium or a discount.
RCM Capital Management LLC, is an indirect, wholly-owned subsidiary of Allianz Global Investors AG, and is a member of Munich-based Allianz Group. Allianz is a leading global financial services company. RCM Capital Management LLC serves as the Fund's investment manager, and the sub-adviser is RCM Asia Pacific Limited.
