This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Federated Enhanced Treasury Income Fund Announces Share Repurchase Program

PITTSBURGH, Feb. 16, 2012 /PRNewswire/ -- Federated Enhanced Treasury Income Fund (NYSE: FTT) today announced that its Board of Trustees, as part of its evaluation of options to enhance shareholder value, has authorized a share repurchase program.  The program will allow the fund to purchase up to 5% of its outstanding common shares as of Dec. 31, 2011, or 478,446 shares, in the open market at fund management's discretion.  The amount and timing of share purchases will be subject to market conditions and investment considerations.  The program will begin on March 1, 2012 and run for a one-year period. 

The fund's Board of Trustees and investment adviser analyze options to enhance shareholder value and potentially reduce the discount between the market price of the fund's common shares and their net asset value per share (NAV).  The investment adviser believes that the share repurchase program may further these goals because the program allows the fund to acquire its shares in the open market at a discount to NAV, which will increase the NAV and thereby benefit remaining shareholders while potentially providing additional liquidity in the trading of fund shares.  The share repurchase program is the most recent in a series of actions the fund has taken to seek to enhance shareholder value, including the adoption of a managed distribution plan last year.  The board will monitor the program and will continue to consider strategic options to enhance shareholder value over the long-term.   

There is no assurance that the fund will purchase shares at any specific discount levels or in any specific amounts.  The fund's repurchase activity will be disclosed in its shareholder report for the relevant fiscal period.  There is no assurance that the market price of the fund's shares, either absolutely or relative to NAV, will increase as a result of any share repurchases.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs