27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
NEW YORK, Dec. 10, 2018 /PRNewswire/ -- The Board of Directors (the "Board") of The China Fund, Inc. (the "Fund") has declared capital gain and net investment income distributions in the estimated aggregate amount of $0.5401 per share. The capital gain portion of the distributions is comprised of long-term capital gains estimated at $0.3712 per share. The net investment income portion of the distributions is estimated to be $0.1689 per share. The actual amount of the distribution will be determined on the ex-dividend date of the distribution, at which time the Fund will make a further announcement. The distribution will be payable on January 11, 2019 to stockholders of record on December 21, 2018, with an ex-dividend date of December 20, 2018.
The Fund has a Dividend Reinvestment and Cash Purchase Plan (the "Plan") that is open to all stockholders. If the Fund's shares trade at a premium to the net asset value of the Fund, the Plan provides stockholders with the ability to invest in the Fund at an amount less than market price per share. If the Fund is trading at a discount, Plan participants will receive shares of the Fund valued at market price per share. All stockholders may elect to participate in the Plan or may withdraw at any time within the limitations described in the Plan.
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Stockholders who have questions regarding the distribution may contact AST Fund Solutions, LLC at 1‑888‑CHN‑CALL (246-2255).
The Fund is a non-diversified closed-end investment company, which seeks long term capital appreciation primarily through investments in China companies. Shares of the Fund are listed on the New York Stock Exchange under the ticker symbol "CHN."
For further information regarding the Fund and the Fund's holdings, please call (888)-CHN-CALL or visit the Fund's website at http://www.chinafundinc.com.
SOURCE The China Fund, Inc.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.