BOSTON, Dec. 6, 2011 /PRNewswire/ -- John Hancock Bank and Thrift Opportunity Fund (NYSE: BTO) (the "Fund"), a closed-end fund managed by John Hancock Advisers, LLC, announced today that its Board of Trustees, as part of its ongoing evaluation of options to enhance shareholder value and potentially decrease the discount between the market price and the net asset value ("NAV") of the Fund's common shares, has renewed the Fund's share repurchase plan that is set to expire on December 31, 2011. As renewed, the Fund may purchase, in the open market, up to an additional 10% of its outstanding common shares between January 1, 2012 and December 31, 2012 (based on common shares outstanding as of December 31, 2011).
John Hancock Bank And Thrift Opportunity Fund Renews Its Share Repurchase Plan
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