The company announced today that its Board of Directors (the “Board”) authorized the purchase of up to 5% of Company stock under the Company’s stock repurchase program. The authorization to repurchase shares will be effective on May 1, 2024 and expire on April 30, 2025, unless terminated sooner. The timing and actual number of shares repurchased will depend on a variety of factors. The Company anticipates that such purchases will be made opportunistically when shares are trading at a significant discount to the Net Asset Value per share (“NAV”) of the Company, based on historical discount levels and current market conditions, as determined by the Board and its Investment Advisor. The Company will report repurchase activity on the Company’s website at least quarterly.
ASA Gd & Prcs Mtl
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