The Greater China Fund, Inc. Declares Ordinary Income Dividend, Short-Term Capital Gain and Long-Term Capital Gain Distributions.NEWARK, N.J. -- The Board of Directors of The Greater China Fund, Inc. (the "Fund") (NYSE NYSE See: New York Stock Exchange :GCH GCH Gas Central Heating GCH Gym Class Heroes (band) GCH Grant Channel GCH Grand Cross of Hanover (knight) GCH Gas Collection Header ), today declared a dividend of $0.0277 share of ordinary income, a distribution from short-term capital gains Short-term capital gain A profit on the sale of a security or mutual fund share that has been held for one year or less. A short-term capital gain is taxed as ordinary income. of $1.4751 per share and a distribution from long-term capital gains of $0.3377 per share. The dividend is payable on September 28, 2007 to shareholders of record as of September 20, 2007. The ex-dividend date Ex-dividend date The first day of trading when the buyer of a stock is no longer entitled to the most recently announced dividend payment ( i.e. the trade will settle the day after the record date, too late for the buyer to appear on the shareholder record and receive the dividend. is September 18, 2007. The Fund's investment objective is to seek long-term capital appreciation by investing substantially all of its assets in listed equity securities of companies which derive or are expected to derive a significant portion of their revenues from goods produced or sold, investments made or services performed in China. The Fund's investment manager is Baring Asset Management (Asia) Limited. |
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