Aberdeen Greater China Fund, Inc. Announces Results Of Annual Meeting Of Stockholders

PHILADELPHIA, June 23, 2016 /PRNewswire/ -- Aberdeen Greater China Fund, Inc. (the "Fund") (NYSE: GCH) held its Annual Meeting of Stockholders (the "Meeting") on June 22, 2016.  At the Meeting, stockholders of the Fund voted to elect one Class I Director to the Board of Directors to hold office until the 2019 Annual Meeting of Stockholders, or thereafter until his successor is elected and qualified. 

As of the record date, April 29, 2016, there were 8,997,674 outstanding shares of the Fund.  81.536% of outstanding shares were present at the meeting in person or by proxy, representing a quorum.

The description of the proposal and number of shares voted at the Meeting are as follows:

To elect one Class I Director to the Board of Directors:

Directors whose term of office continued beyond the Meeting are as follows: John A. Hawkins, Jonathan J. K. Taylor, and William C. Maher.  Mr. Tsim resigned from the Board of Directors effective June 22, 2016.  The Board thanks Mr. Tsim for his more than 20 years of service to the Fund and its stockholders.

Closed-end funds are traded on the secondary market through one of the stock exchanges. The Fund's investment return and principal value will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund's portfolio. There is no assurance that the Fund will achieve its investment objective.

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SOURCE Aberdeen Greater China Fund, Inc.