The Thai Capital Fund, Inc. Announces Additional Details Related To Liquidation And Dissolution Of The Fund

NEW YORK, Aug. 1, 2013 /PRNewswire/ --  The Thai Capital Fund, Inc. (NYSE MKT: TF) (the "Fund") today announced that in connection with the liquidation and dissolution of the Fund, the Fund will close its share register books at the close of business on August 12, 2013, and that trading in the Fund's stock on the NYSE MKT will be suspended effective on August 13, 2013. The proportionate interests of stockholders in the assets of the Fund will be fixed on the basis of their respective holdings at the close of business on August 16, 2013.  The Fund anticipates paying an initial liquidating distribution, in an amount equal to approximately 90% of the proceeds of the liquidation of the Fund's portfolio, to stockholders as of August 16, 2013, on or about August 23, 2013.  In addition, the Fund's Dividend Reinvestment and Cash Purchase Plan (the "Plan") administered by American Stock Transfer & Trust Company will be cancelled on August 1, 2013.  Whole shares held under the Plan will be transferred to the stockholder's direct registered shares account and fractional shares held in the Plan will be converted to cash at the then-current market price and returned to stockholders as a part of the liquidating distributions.

Following the initial liquidating distribution to stockholders, the Fund will pay unpaid liabilities and obligations of the Fund. It is anticipated that a final liquidating distribution will be made prior to the dissolution of the Fund in September 2013.

About the Fund: The Thai Capital Fund, Inc. is a non-diversified, closed-end fund with $43.4 million in net assets as of July 31, 2013. The Fund seeks long-term capital appreciation which it seeks through investment primarily in equity securities of Thai companies.

In general, 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. Past performance does not guarantee future results.

www.thaicapitalfund.com 

SOURCE The Thai Capital Fund, Inc.