Adams Diversified Equity Fund, Inc. Buyback
OLI recorded this information on 12/18/2018
Company:
Adams Diversified Equity Fund, Inc.
Buyback:
ADX buyback
Share Amount Authorized:
5,314,566
Buyback Details:
The Board of Directors of Adams Diversified Equity Fund, Inc. (NYSE:ADX) reauthorized the Fund's share repurchase program, permitting the Fund to repurchase up to an additional 5% (5,314,566 shares) of its current outstanding shares of common stock. The Fund has repurchased over 4,000,000 shares of the approximately 4,667,000 shares authorized under the existing program. Share repurchases may be made in the open market from time to time, as determined by the portfolio management team, when market conditions and portfolio management considerations warrant and the shares are trading at market prices of at least 10% below net asset value.
Adams Diversified Equity Fund is registered as a diversified, closed-end investment company. The Fund's investment objectives are preservation of capital, reasonable income from investments, and capital appreciation.
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