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Article: The Czech Republic Fund announces earnings for the nine months ended May 31, 1997.
- Article from:
- Business Wire
- Article date:
- June 24, 1997
CopyrightCOPYRIGHT 1997 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)--June 24, 1997--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 nine months ended May 31, 1997. The fund commenced investment operations on Sept. 30, 1994.
For the nine months ended May 31, 1997, the fund's net investment loss was $939,896, equal to $0.16 per share, as compared to net investment loss of $844,947, equal to $0.14 per share, for the nine months ended May 31, 1996. Net realized and unrealized losses for the nine months ended May 31, 1997 were $12,226,861, ...