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Article: The Czech Republic Fund Announces Earnings for the Year Ended Aug. 31, 1997.
- Article from:
- Business Wire
- Article date:
- September 29, 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)--Sept. 29, 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 year ended Aug. 31, 1997.
The Fund commenced investment operations on Sept. 30, 1994.
For the year ended Aug. 31, 1997, the Fund's net investment loss was $815,658, equal to $0.14 per share, as compared to net investment loss of $383,350, equal to $0.07 per share, for the year ended Aug. 31, 1996. Net realized and unrealized losses for the year ended Aug. 31, 1997 were $3,202,752, equal to $0.54 ...