Hennessy Advisors, Inc. Buyback
OLI recorded this information on 8/20/2015
Company:
Hennessy Advisors, Inc.
Buyback:
HNNA buyback
Share Amount Authorized:
1,000,000
Buyback Details:
Hennessy Advisors, Inc. (NASDAQ:HNNA) today announced the commencement of a self-tender offer to purchase up to 1,000,000 shares, or approximately 17% of its outstanding common stock, for a price of $25.00 per share. The Company intends to finance this self-tender offer with an expansion of its current loan as well as with a portion of available cash from its balance sheet. The self-tender offer will expire at 5:00 P.M., Eastern Time, on September 18, 2015, unless extended or withdrawn.
Hennessy Advisors is an investment management firm whose primary business activity is managing, servicing, and marketing a family of open-end mutual funds branded as the Hennessy Funds. Co. is primarily engaged in the provision of investment advisory services to the Hennessy Funds and shareholder services to investors in the Hennessy Funds. Investment advisory services include managing the composition of each fund's portfolio. Shareholder services include maintaining a toll-free number that the existing investors in the Hennessy Funds may call to ask questions about their accounts or the funds or to get help with processing exchange and redemption requests or changing account options.
Open the HNNA Page at The Online Investor »
|
||||||||||||||||||||||||
Open the HNNA Page at The Online Investor (in a new window) »
 Free HNNA Email Alerts:
Get SEC Filing Alerts Get Dividend Alerts 
|
