Abacus Life rises on $15 mln stock repurchase program

Abacus Global Management

12/12/2023 13:18

** Shares of alternative asset manager Abacus Life  ABL.O 
rise 8.70% to $7.5 premarket
    ** Co says its board authorized new stock repurchase program
of up to $15 mln over a period of up to 18 months
    ** ABL says it may repurchase shares in open market
transactions, block trades, accelerated share repurchases, and
privately negotiated transactions
    ** Up to last close, stock down 32.1% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com))