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Article: The Czech Republic Fund announces earnings for the year ended August 31, 1996.
- Article from:
- Business Wire
- Article date:
- September 20, 1996
CopyrightCOPYRIGHT 1996 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)--Sept. 20, 1996--The Czech Republic Fund Inc., a closed-end management investment company that seeks long term capital appreciation by investing primarily in securities of Czech issuers, today announced unaudited results for the year ended August 31, 1996.
The Fund commenced investment operations on Sept. 30, 1994.
For the year ended August 31, 1996, the Fund's net investment loss was $386,293, equal to $0.07 per share, as compared to net investment income of $1,277,501, equal to $0.29 per share, for the eleven months ended August 31, 1995. Net realized and unrealized gains for the year ended August 31, 1996 were $28,996,145, equal ...