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Certain Closed-End Funds Announce Share Repurchase Programs

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56Chevy Member Level  Friday, 10/28/16 08:50:04 PM
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Certain Closed-End Funds Announce Share Repurchase Programs

Date : 10/28/2016 @ 4:30PM
Source : Business Wire
Stock : Blackrock Energy And Resources Trust (BGR)
Quote : $14.04  -0.05 (-0.35%) @ 4:00PM

BlackRock Advisors, LLC announced today that the Boards of Directors/Trustees of twenty BlackRock taxable and equity closed-end funds (the “Funds”) have authorized open market share repurchase programs (the “Repurchase Programs”) pursuant to which each Fund may repurchase, through November 30, 2017, up to 5% of its outstanding common shares (based on common shares outstanding on October 28, 2016), in open market transactions. The Repurchase Programs seek to enhance shareholder value by purchasing Fund shares trading at a discount from their net asset value per share.

[....]

http://ih.advfn.com/p.php?pid=nmona&article=72780186


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