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Share Repurchase Program
6 Months Ended
Jun. 30, 2012
Share Repurchase Program [Abstract]  
Share Repurchase Program

5. Share Repurchase Program

On December 21, 2011, the Fund adopted an open-market share repurchase program allowing the Fund to repurchase an aggregate of up to 10% of its outstanding common shares (approximately 920,000 shares) in open-market transactions at the Manager’s discretion.

Transactions in share repurchases were as follows:

 

                 
    Six Months Ended
June 30, 2012
    Year Ended
December 31, 2011
 

Shares repurchased

    (9,800 )      (38,000 ) 
   

 

 

   

 

 

 

Weighted average price per share repurchased

  $ 20.77     $ 19.68