Voya Global Advantage Fund (IGA) Authorizes Buyback of Up to 10% of Shares Through 2009
The fund's Board of Trustees authorized an open-market share repurchase program allowing the fund to buy up to 10% of its stock through December 31, 2009. The fund said the program seeks to enhance shareholder value by buying shares trading at a discount to net asset value.
- Program covers purchases over the period ending December 31, 2009, up to 10% of outstanding stock
- Approximate repurchase capacity for IGA is 1,823,000 shares
- Amount and timing of repurchases are at management's discretion and subject to market conditions
- No assurance the fund will buy shares at any particular discount levels or in any particular amounts