ING Global Equity Dividend Fund authorizes buyback of up to 10% of its stock through 2009
The fund's Board of Trustees authorized an open-market share repurchase program that may buy up to 10% of the fund's stock through December 31, 2009. The filing says the program aims to reduce the fund's discount to net asset value or raise NAV per share for remaining shareholders.
Key points
- Program covers the period ending December 31, 2009, with purchases up to 10% of outstanding stock in open-market transactions
- Exhibit shows the fund may repurchase approximately 9,740,000 shares under the program
- Amount and timing are at management's discretion, subject to market conditions; no assurance of purchases at any particular discount level or amount
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 05, 2008.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.