H&Q Healthcare Investors (HQH) Announces Share Buyback Program To Buy Up To 10% Of Its Outstanding Shares
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H&Q Healthcare Investors (NYSE: HQH) announced today that the Board of Trustees authorized a share repurchase program. The program will allow the Fund to purchase in the open market up to 10% of its outstanding common shares for a one year period beginning October 9, 2009. The Board authorized the share repurchase program as a result of its periodic review of the options available to enhance shareholder value and potentially reduce the discount between the market price of the Fund's shares and the net asset value per share. The share repurchase program is intended to increase the Fund's net asset value per share and could also have the benefit of providing additional liquidity in the trading of shares.
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