The fund's Board of Trustees and investment adviser analyzed 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 the extension of the share repurchase program will continue to allow the fund to purchase its shares at a discount to NAV, which will increase the NAV and thereby benefit remaining shareholders. The Board of Trustees 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 its NAV, will increase as a result of any share repurchases.
Federated Enhanced Treasury Income Fund Announces Extension Of Share Repurchase Program And Approval Of New Managed Distribution Plan
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