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:
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Current Fund Name
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Ticker
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New Fund Name
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Website
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The Greater China Fund, Inc.
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GCH
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Aberdeen Greater China Fund, Inc.
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www.aberdeengch.com
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(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.