Aberdeen Greater China Fund, Inc. Announces The Approval Of A Share Repurchase Program

PHILADELPHIA, Oct. 28, 2014 /PRNewswire/ -- Aberdeen Greater China Fund, Inc. (NYSE: GCH) (the "Fund"), a closed-end equity fund, announced today that the Fund's Board of Directors has approved a share repurchase program.  The share repurchase program authorizes management to make open market purchases, from time to time, in a maximum aggregate amount of up to 5% of the Fund's outstanding shares, determined on October 31, 2014, over a one year period.  Such purchases may be made opportunistically at certain discounts to net asset value per share ("NAV") when management reasonably believes that such repurchases may enhance shareholder value.

There is no assurance the Fund will purchase any shares or that the share repurchase program will have an impact on the liquidity or value of the Fund or the Fund's shares. Share repurchase activity will be disclosed in the Fund's stockholder reports for the relevant fiscal periods and updated on the Fund's website monthly.

Important Information
Closed-end funds are traded on the secondary market through one of the stock exchanges. The Fund's investment return and principal value will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund's portfolio. There is no assurance that the Fund will achieve its investment objective.

Aberdeen Asset Management is the marketing name in the U.S. for the following affiliated, registered investment advisers: Aberdeen Asset Management Inc., Aberdeen Asset Managers Limited, Aberdeen Asset Management Ltd. and Aberdeen Asset Management Asia Limited (collectively, the "Aberdeen Advisers"). Each of the Aberdeen Advisers is wholly owned by Aberdeen Asset Management PLC. "Aberdeen" is a U.S. registered service mark of Aberdeen Asset Management PLC.

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SOURCE Aberdeen Greater China Fund, Inc.

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