JPMorgan China Region Fund, Inc. (‘JFC’ or the ‘Fund’) announced today that American Election Services, LLC (‘AES’), the independent inspector of elections for the Fund’s 2016 Annual Meeting of Stockholders held on July 20, 2016, has certified the final results of the meeting. AES has certified that, as announced on July 20, 2016 based on the solicitor’s preliminary vote count, the Fund’s stockholders have voted to:

  • Approve the election of Mr. John R. Hass and Mr. Alistair E.M. Laband as Directors for a term expiring in 2019; and
  • Reject the two stockholder proposals put forth by two activist stockholders, Ancora Catalyst Fund LP and Merlin Partners LP, to terminate the investment advisory agreement between the Fund and JF International Management Inc., and to request the Board authorize a self-tender offer and potential liquidation of the Fund.

The final certified quorum and voting results provided to the Fund by AES are as follows:

       
Shares Outstanding         6,447,637
Total Shares Voted         5,452,187
Quorum Percentage 84.56%
 
       
Proposal 1: Election of Directors     For     Withheld
Hass     4,658,869     793,318
Laband 4,658,941 793,246
 
           

Proposal 2: Termination
of Advisory Agreement

For     Against     Abstain
748,682 4,462,875 23,646
 
             

Proposal 3:
Recommendation of
Tender Offer

For     Against     Abstain
1,032,137 4,180,838 15,316
 

The Fund is a non-diversified, closed-end management investment company whose shares are traded on the New York Stock Exchange. The Fund trades under the symbol “JFC.”

The Fund seeks to achieve long-term capital appreciation through investments primarily in equity securities of companies with substantial assets in, or revenues derived from, the People's Republic of China, Hong Kong, Taiwan and Macau—collectively, the China Region.

Copies of the documents filed with the SEC by the Fund are available free of charge on the Fund’s internet website at http://www.jpmchinaregionfund.com

JPMorgan Fund Services, in Boston, MA is the Fund’s accounting and administrative agent.

This release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of Fund securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

Investing involves risk and it is possible to lose money on any investment in the Fund. Past performance is no guarantee of future returns.