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News Breaks
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December 23, 2009
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| 16:57 EDT |  | SWZ |
| theflyonthewall.com: | Swiss Helvetia announces stock repurchase | | The Swiss Helvetia Fund's board has approved a stock repurchase program. Under the program, which will take effect immediately, the Fund is authorized to make open-market repurchases of its common stock of up to $30M. Based on the closing price of the Fund's common stock on the NYSE on December 22, the program could result in a maximum repurchase of approximately 2.62M shares. Based on these amounts, the repurchase program, if fully executed, would reduce the number of issued and outstanding shares by approximately 8%. :theflyonthewall.com |
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