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Aberdeen Greater China Fund Approves A Share Repurchase Program [Professional Services Close - Up](Professional Services Close - Up Via Acquire Media NewsEdge) Aberdeen Greater China Fund reported that the Fund's Board of Directors has approved a share repurchase program. According to a release from the company, the share repurchase program authorizes management to make open market purchases, from time to time, in a maximum aggregate amount of up to 5 percent of the Fund's outstanding shares, determined on October 31, over a one year period. Such purchases may be made opportunistically at certain discounts to net asset value per share when management reasonably believes that such repurchases may enhance shareholder value. There is no assurance the Fund will purchase any shares or that the share repurchase program will have an impact on the liquidity or value of the Fund or the Fund's shares. Share repurchase activity will be disclosed in the Fund's stockholder reports for the relevant fiscal periods and updated on the Fund's website monthly. More information and complete details: www.aberdeengch.com ((Comments on this story may be sent to [email protected])) (c) 2014 ProQuest Information and Learning Company; All Rights Reserved. [ Back To TMCnet.com's Homepage ] |