Matthews International Capital Management has announced that Nomura Partners Funds’ shareholders approved a charter amendment that will permit the tax-free merger of The Japan Fund into the Matthews Japan Fund.
The boards of directors of both funds had previously approved the merger. The closing is scheduled for October 20, 2014.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
At the closing Nomura Partners Funds, Inc. will transfer all of the assets and specified liabilities of The Japan Fund (NPJAX, NPJCX, NPJIX, SJPNX) to the Matthews Japan Fund (MJFOX, MIJFX), at which time The Japan Fund shareholders will become shareholders of the Matthews Japan Fund, and The Japan Fund will thereafter be liquidated.
William Hackett, Chief Executive Officer, commented: "We are delighted to receive approval by both the Shareholders and the Board of Directors of Nomura Partners Funds, Inc., which will permit the tax-free merger of the Nomura Japan Fund into the Matthews Japan Fund. We look forward to welcoming the Nomura Japan Fund shareholders to Matthews Asia."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
