Printer Friendly

Schroder Asian Growth Fund, Inc. Declares Dividend

NEW YORK, Nov. 26 /PRNewswire/ -- The Board of Directors of Schroder Asian Growth Fund, Inc. (NYSE: SHF) voted today to authorize and declare a dividend through which the Fund will distribute its ordinary income for the fiscal year ended October 31, 1996.

The dividend, expected to be $1,826,585 or $0.093 per Share, will be paid on December 19, 1996 to shareholders of record on December 6, 1996. The ex- dividend date is December 4, 1996. In the case of participants in the Fund's Dividend Reinvestment Plan, dividends will be reinvested in Shares pursuant to the Plan.

The Fund is a non-diversified, closed-end U.S. management investment company with current net assets of approximately $267 million. The Fund's investment objective is to seek long-term capital appreciation through investments primarily in equity securities of Asian companies.

The Fund is advised by Schroder Capital Management International Inc., a wholly owned subsidiary of Schroders p1c, the London Stock Exchange listed holding company of an investment banking and investment management group of companies.

SOURCE Schroder Asian Growth Fund, Inc.
 -0- 11/26/96


/CONTACT: Catherine A. Mazza of Schroder Capital Management International, Inc., 212-641-3889/

(SHF)

CO: Schroder Asian Growth Fund, Inc. ST: New York IN: FIN SU: DIV

GW-MS -- NYTU092 -- 6119 11/26/96 13:56 EST http://www.prnewswire.com
COPYRIGHT 1996 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 26, 1996
Words:219
Previous Article:Promatek Industries Ltd. Year-End Results
Next Article:First Liberty Announces Dividends
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters