Dalton’s Letter on Samsung Electronics Preferred Shares Featured in Yonhap Infomax

Following a meeting with Samsung Electronics management in May, Dalton Investments sent a letter to the company’s board urging it to concentrate share buybacks on its preferred shares, which trade at a roughly 26% discount to its common shares. The letter, covered by Yonhap Infomax, also called for the long-term unification of the two share classes to help resolve the “Korea Discount.” Read the article here.