Does anyone on this board own the Korea Fund. KF does not have a message board on Yahoo. I'm asking because KF just announced a correction in ex-div date that puts the ex-div date on the day AFTER the "pay date."
The pay date for a very large cap gain dividend is 11-28-07. The original announced ex-div date was Oct. 23 with a record date of Oct 26 adn a pay date of Nov. 28.
The corrected information shows a the same record date (Oct 26) and pay date (Nov 28) but indicates an ex-div date of Nov 29.
I just tried calling the telephone number on the press release for the correction. Got a "please leave a message and phone number reply."
I don't know much about KF but it is possible to have the ex-div date after the pay date. They do this when the distribution is very large. I thought the distribution had to be over 25% of the NAV but maybe not. RNE had the same situation in 2004(I think). Hope this helps. Paul