Weiss Korea Opportunity Fund EGM 2025

On 27 February 2025, the Board of Weiss Korea Opportunity Fund Ltd. announced that, following the conclusion of a strategic review, it had determined that it would be in the best interests of Shareholders as a whole to put forward a proposal for a managed wind-down of the Company (the “Managed Wind-down”).

The Company has published a circular (the “Circular”) to Shareholders setting out the recommended proposal for the Managed Wind-down and to convene an extraordinary general meeting (the “EGM“) to seek the approval of Shareholders for:

• the adoption of the New Investment Objective and Policy (in place of the Existing Investment Objective and Policy) to reflect the realisation strategy and the Company ceasing to make new investments during the realisation period; and
• the adoption of the New Articles to, among other things, permit the Directors to return capital to Shareholders pursuant to the Managed Wind-down by way of compulsory redemptions of Shares,

in order to facilitate the implementation of the Managed Wind-down (the “Resolutions“).

The Circular contains full details of the Board’s recommended proposal for the Managed Wind-down and explains the associated adoption of the New Investment Objective and Policy and the New Articles (together, the “Proposal”). The Circular also contains a notice convening the EGM to be held at the offices of Northern Trust International Fund Administration Services (Guernsey) Limited, Trafalgar Court, Les Banques, St Peter Port, Guernsey, GY1 3QL at 2.00 p.m. on Monday, 14 April 2025.

Under the proposed Managed Wind-down process, the Company will be managed with the intention of realising all of the assets in its Portfolio in an orderly manner that aims to achieve a balance between seeking to obtain the best achievable value for those assets and making timely returns of capital to Shareholders.

The Proposal is conditional on the passing of the Resolutions by Shareholders at the EGM. The Resolutions are inter-conditional, meaning that each of them will only take effect, and the Proposal will only be implemented, if they are both approved by the requisite majority of Shareholders’ votes at the EGM.

Shareholders should read the whole of the Circular and, in particular, the letter from the Chair, which contains the unanimous recommendation of the Directors that Shareholders vote in favour of the Resolutions to be proposed at the EGM, and the risk factors set out in Part 2 of the Circular.

A copy of the Circular (incorporating the Notice of EGM), the proposed New Articles (together with a copy of the Existing Articles marked to show all of the amendments proposed to be made) and the New Investment Objective and Policy will shortly be available for inspection on the Company’s website, www.weisskoreaopportunityfund.com .