NEW YORK, NY — (Marketwire) — 06/29/12 — The Greater China Fund, Inc. (NYSE: GCH) (the “Fund”) announced today the results of its 2012 Annual Meeting of Stockholders. At the meeting, stockholders elected John A. Hawkins and Tak Lung Tsim, each as a Class III director for a term of three years.
Stockholders also voted on a proposal by City of London Management Company to terminate the Fund-s Investment Advisory Agreement with Baring Asset Management (Asia) Ltd. (“Baring”), the Fund-s Investment Manager. The proposal received the favorable vote of a majority of the Fund-s outstanding shares and therefore was approved. As a result, the Fund-s agreement with Baring will terminate in 60 days. The Fund-s Board of Directors will meet in due course to consider an appropriate course of action.
For more information on the Fund, including the most recent month-end performance, visit or call 1-877-FUND-GCH (1-877-386-3424).
The Fund is a non-diversified, closed-end management investment company that seeks long-term capital appreciation through investing primarily in listed securities of China companies. The Fund-s interim investment adviser is Baring Asset Management (Asia) Limited.
Contact:
Patricia Baronowski
631-756-2486