Templeton Dragon Fund, Inc.?s Equity Buyback announced on November 14, 2023, has expired. Based on the preliminary count, 23,989,011 common shares, or approximately 70.96% of the fund?s common shares outstanding, were tendered.
December 20, 2023 at 12:00 am EST
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The company expired its plan on December 20, 2023.
Templeton Dragon Fund, Inc. is a closed-end management investment company. The Fund seeks long-term capital appreciation by investing at least 45% of its total assets in equity securities of China companies. The Fund may invest in companies listed on exchanges in mainland China, Hong Kong, Taiwan, or elsewhere. It invests in various sectors, including air freight and logistics; automobiles; banks; beverages; biotechnology; capital markets; chemicals; construction materials; containers and packaging; electrical equipment; instruments and components; entertainment; food and staples retailing; food products; health care equipment and supplies; health care providers and services; hotels, restaurants and leisure; insurance; interactive media and services; Internet and direct marketing retail; information technology (IT) services; life science tools and services; machinery; media; metals and mining; pharmaceuticals, and others. The Fund's investment manager is Templeton Asset Management Ltd.
Templeton Dragon Fund, Inc.?s Equity Buyback announced on November 14, 2023, has expired. Based on the preliminary count, 23,989,011 common shares, or approximately 70.96% of the fund?s common shares outstanding, were tendered.