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The Directors have general authority to buy back up to 40% of the Ordinary Shares in issue per annum. The Company may repurchase Ordinary shares in the market on an ongoing basis at a discount to NAV with a view to increasing the Net Asset Value per Ordinary Share of the remaining Ordinary Shares and controlling the discount. The Directors will consider repurchases when the Ordinary Share prices is less than 95% of the NAV.
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Data as at: 03/10/2024
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Objective
To provide Shareholders with an attractive return on their investment, predominantly though long-term capital appreciation, by investing primarily in listed South Korean preferred shares.
AIC sector
Management group
Company website
Launch date
14/05/2013
December
Next AGM date
05/10/2024
Domicile
Guernsey
Fund manager
Andrew Weiss, Ethan Lim
Dividend frequency
Annually
Wind-up provisions
Unless it has already been determined that the Company will be wound up, every two years after the Realisation Date, the Directors will propose further realisation opportunities for Shareholders who have not previously elected to realise their Ordinary Shares using a similar mechanism used in the previously announced Realisation Opportunity. The next Realisation Opportunity will take place in 2025.
| Market Cap (m) | Total assets (m) | Price (last close) | NAV | Discount / premium (%) | Gearing (%) | Dividend yield (%) | Dividend dates | Ongoing charge (%) |
|---|---|---|---|---|---|---|---|---|
| 110.13 | 116.53 | 159.00 | 168.24 | -5.49 | 0 | 3.26 | Jun | 2.1 (31/12/2023) |
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Note
Dividends
Dividends declared in last 12 months
| Ex-Dividend date | Payment date | Dividend amount | Special dividend | Financial year |
|---|---|---|---|---|
| 23/05/2024 | 24/06/2024 | 5.185 | No | 2023 |
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Performance (%)
| Return type | 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|---|
| Weiss Korea Opportunity Fund | Share price total return | 1.7 | -29.7 | 23.7 | 57.4 |
| Country Specialist AIC sector | Share price total return | 7.2 | -7.2 | 36.7 | 197.7 |
| Morningstar Korea * | Total return | -0.6 | -12.9 | 26.7 | 70.3 |
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* The Morningstar market index is not necessarily the official benchmark of the investment company, however it has been identified as an appropriate comparative index. Please hover over the definition for further detail on the index construction.
Share structure
Number of shares
69,265,582
11,752,246
Traded volumes (number of shares)
| Yesterday | 1 month | 1 year | 5 years | |
|---|---|---|---|---|
| Total | 0 | 84,656 | 5,482,015 | 80,979,097 |
| Average | N/A | 3,707 | 21,580 | 64,116 |
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Traded values (m)
| Yesterday | 1 month | 1 year | 5 years | |
|---|---|---|---|---|
| Total | N/A | 0.13 | 8.79 | 167.71 |
| Average | N/A | 0.01 | 0.03 | 0.13 |
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Trading details
Data provided by Morningstar.
Company documents provided by FE fundinfo.
