First Trust/Aberdeen Emerging Opportunity Fund announces an Equity Buyback for 5% of its issued share capital.
September 14, 2016 at 12:00 am EDT
First Trust/Aberdeen Emerging Opportunity Fund (NYSE:FEO) announces a share repurchase program. Under the program, the company will repurchase up to 5% of fund's outstanding common shares. The repurchase will be made from time to time in secondary market transactions in accordance with applicable law and at the direction of management personnel. There is no assurance that any fund will purchase shares at any specific levels or in any specific amounts. The repurchase program will continue until the earlier of the repurchase of 5% of each fund's current outstanding common shares, or March 15, 2017.