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The Thai Capital Fund Reports First Quarter Earnings

2009-05-19 11:17 ET - News Release

Also News Release (U-TF) THAI CAPITAL FD

JERSEY CITY, NJ -- (MARKET WIRE) -- 05/19/09

The Thai Capital Fund, Inc. (the "Fund") (NYSE Amex: TF) (NYSE Alternext US: TF), a closed-end management investment company seeking long-term capital appreciation through investment primarily in equity securities of Thai companies, today announced its results for the quarter ended March 31, 2009 and commented on the economic outlook for Thailand.

The Fund's investments in Thailand are made through a wholly owned investment plan ( the "Investment Plan") established under an agreement between SCB Asset Management Co., Limited ("SCBAM"), the Fund's investment manager, and the Fund. The Fund's investments through the Investment Plan are managed by SCBAM, located in Bangkok, Thailand. Daiwa SB Investments (Singapore) Limited, the Fund's investment adviser, provides SCBAM with advice regarding investments through the Investment Plan and manages the Fund's assets held outside the Investment Plan.

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