Common use of REASONS FOR REPURCHASES Clause in Contracts

REASONS FOR REPURCHASES. The Directors believe that it is in the best interests of the Company and its Shareholders to seek a general authority from Shareholders to enable the Company to repurchase Shares. Such repurchases may, depending on market conditions and funding arrangements at the time, lead to an enhancement of the net asset value per Share and/or its earnings per Share. The Directors are seeking the grant of general mandate to repurchase Shares to give the Company the flexibility to do so if and when appropriate. Repurchases of Shares will only be made when the Directors believe that such repurchases will benefit the Company and its Shareholders as a whole.

REASONS FOR REPURCHASES. The Directors believe that it is in the best interests of the Company and its Shareholders to seek have a general authority from the Shareholders to enable the Company Directors to repurchase SharesOrdinary Shares in the market. Such repurchases may, depending on market conditions and funding arrangements at the time, lead to an enhancement of the net asset value per Share assets and/or its earnings per Ordinary Share. The Directors are seeking the grant of general mandate have no present intention to repurchase any Ordinary Shares and they would only exercise the power to give the Company the flexibility to do so repurchase if and when appropriate. Repurchases of Shares will only be made when the Directors they believe that such repurchases will benefit the Company and its Shareholders as a wholethe Shareholders.

REASONS FOR REPURCHASES. The Directors believe that it is in the best interests of the Company and its Shareholders as a whole for the Directors to seek have a general authority from Shareholders to enable the Company to repurchase SharesShares in the market. Repurchases of Shares will only be made when the Directors believe that such a repurchase will benefit the Company and its Shareholders as a whole. Such repurchases may, depending on the market conditions and funding arrangements at the time, lead to an enhancement of the Company’s net asset assets value per Share and/or its earnings per Share. The Directors are seeking the grant of general mandate to repurchase Shares to give the Company the flexibility to do so if and when appropriate. Repurchases of Shares will only be made when the Directors believe that such repurchases will benefit the Company and its Shareholders as a whole.

REASONS FOR REPURCHASES. The Directors believe that it is in the best interests of the Company and its Shareholders to seek a general authority from Shareholders to enable the Company to repurchase Shares. Such repurchases may, depending on market conditions and funding arrangements at the time, lead to an enhancement of the net asset value per Share and/or its the earnings per Share. The Directors are seeking the grant of general mandate to repurchase Shares the Share Repurchase Mandate to give the Company the flexibility to do so if and when appropriate. Repurchases of Shares will only be made when the Directors believe that such repurchases will benefit the Company and its Shareholders as a whole.