Business Services Industry
G.T. Global Eastern Europe Fund Announces Final Results of its Repurchase Offer
Business Wire, May 4, 1998
SAN FRANCISCO--(BUSINESS WIRE)--May 4, 1998--G.T. Global Eastern Europe Fund (NYSE:GTF) today announced the final repurchase offer price and repurchase fee amount with respect to the Fund's annual repurchase offer for shares of beneficial interest. The repurchase offer and withdrawal rights expired on April 17, 1998. The repurchase offer made by the Fund was for up to 5% of its outstanding shares.
The shares accepted for tender will receive cash at a repurchase offer price of $14.19, which is equal to the Fund's net asset value per share of $14.40 as of May 1, 1998, less a repurchase fee of $0.21 per share. Cash payment for the repurchased shares will be issued on Friday, May 8, 1998. All shares tendered and not repurchased by the Fund will be returned to shareholders as promptly as practicable.
G.T. Global Eastern Europe Fund is a closed-end investment company. For further information concerning the Fund and its repurchase offer, please contact Shareholder Communications Corporation, the Fund's information agent at 1-800-733-8481, ext. 464.
CONTACT: Shareholder Communications Corporation,
Information agent for GT Global, 800/733-8481, ext. 464
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