TFG today announces that it will reinitiate its share repurchase program previously
announced on October 28, 2011 (the "Prior Share Repurchase Program"). The Board of TFG
continues to be confident in the long-term prospects of TFG. The Board also believes that
the purchase of shares in the market may at appropriate price levels below Net Asset Value
represent an attractive use of TFG's excess cash and an efficient means to return cash to
its shareholders.
The updated share repurchase program will commence on January 14, 2013 and will
continue for a period of up to April 30, 2013, until the remainder of the 5% of the
Company's outstanding shares authorized under the Prior Share Repurchase Program have been
repurchased or until terminated by the Board. Other than as described below, the updated
share repurchase program shall be conducted on the same terms as the Prior Share
Repurchase Program. Accordingly, the maximum price to be paid per share under the share
repurchase program shall not exceed the higher of the price of the last independent trade
and the highest current independent bid on NYSE Euronext in Amsterdam. TFG's maximum daily
trading volume for such purchases shall be based on the average daily volume traded in
December 2012 and shall be fixed for the duration of the program.
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For further information, please contact:
TFG:
David Wishnow/Yuko Thomas
Investor Relations
[email protected]
Press Inquiries:
Brunswick Group
Andrew Garfield/Brian Buckley
+44-20-7404-5959
[email protected]
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