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Article: The Brazilian Equity Fund announces its third quarter results ended Dec. 31, 1994.
- Article from:
- Business Wire
- Article date:
- January 20, 1995
CopyrightCOPYRIGHT 1995 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK--(BUSINESS WIRE)--Jan. 20, 1995--The Brazilian Equity Fund, Inc. (NYSE:BZL) a closed-end non-diversified management investment company that seeks long-term capital appreciation through investing primarily in Brazilian equity securities, today announced unaudited results and its portfolio holdings for the quarter and nine months ended Dec. 31, 1994.
After deduction of underwriting commissions and offering costs, the Fund began operations on April 10, 1992 with a net asset value (NAV) of $13.79 per share. At Dec. 31, 1994 total assets of the Fund were $91,360,056, and the NAV was $19.83 per share based on 4,607,169 shares outstanding. The Fund's common stock ...