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.
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