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Courtesy of Benzinga.
The Board of Directors of The Singapore Fund, Inc. (NYSE: SGF), has approved a share repurchase program for the Fund. The program authorizes management, from time to time and to the extent permitted by law, to repurchase up to 10% of the Fund’s outstanding shares in open market transactions for each twelve month period ended October 31.
Such purchases may be made when the Fund’s shares are trading at a discount to net asset value of 12% or more.
(c) 2011 Benzinga.com. All rights reserved. This material may not be published in its entirety or redistributed without the approval of Benzinga.
For more Benzinga, visit Benzinga Professional Service, Value Investor, and Stocks Under $5.
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