PHILADELPHIA, Oct. 28, 2014 /PRNewswire/ -- Aberdeen
Greater China Fund, Inc. (NYSE: GCH) (the "Fund"), a
closed-end equity fund, announced today that the Fund's Board of
Directors has approved a share repurchase program. The share
repurchase program authorizes management to make open market
purchases, from time to time, in a maximum aggregate amount of up
to 5% of the Fund's outstanding shares, determined on October 31, 2014, over a one year period.
Such purchases may be made opportunistically at certain discounts
to net asset value per share ("NAV") when management reasonably
believes that such repurchases may enhance shareholder value.
There is no assurance the Fund will purchase any shares or that
the share repurchase program will have an impact on the liquidity
or value of the Fund or the Fund's shares. Share repurchase
activity will be disclosed in the Fund's stockholder reports for
the relevant fiscal periods and updated on the Fund's website
monthly.
Important Information
Closed-end funds are traded on
the secondary market through one of the stock exchanges. The Fund's
investment return and principal value will fluctuate so that an
investor's shares may be worth more or less than the original cost.
Shares of closed-end funds may trade above (a premium) or below (a
discount) the net asset value (NAV) of the fund's portfolio. There
is no assurance that the Fund will achieve its investment
objective.
Aberdeen Asset Management is the marketing name in the U.S. for
the following affiliated, registered investment advisers: Aberdeen
Asset Management Inc., Aberdeen Asset Managers Limited, Aberdeen
Asset Management Ltd. and Aberdeen Asset Management Asia Limited
(collectively, the "Aberdeen Advisers"). Each of the Aberdeen
Advisers is wholly owned by Aberdeen Asset Management PLC.
"Aberdeen" is a U.S. registered service mark of Aberdeen Asset
Management PLC.
If you wish to
receive this information electronically, please contact:
InvestorRelations@aberdeen-asset.com
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aberdeengch.com
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SOURCE Aberdeen Greater China Fund, Inc.