WisdomTree Extends and Increases its Stock Repurchase Program
February 23 2022 - 7:00AM
WisdomTree Investments, Inc. (“WisdomTree” or the “Company”)
(NASDAQ: WETF), an exchange-traded fund (“ETF”) and exchange-traded
product (“ETP”) sponsor and asset manager, today announced that its
Board of Directors (“Board”) has authorized an $85.7 million
increase to its existing stock repurchase program. Under the new
authorization, WisdomTree may purchase up to $100 million of shares
of its common stock through April 27, 2025, including
purchases to offset future equity grants made under its equity
plans.
“This stock repurchase program demonstrates our confidence in
our future and allows us to leverage our strong free cash flows to
not only continue to invest in the business, but return excess
capital to stockholders,” said WisdomTree CEO Jonathan Steinberg.
“Through smart investments, increased efficiency and disciplined
expense management, we continue to drive strong results and to fuel
growth. WisdomTree remains committed to creating long-term
shareholder value, both organically and through strategic capital
deployments.”
Since implementing the program in 2014, the Company has
repurchased a total of approximately 20.3 million shares for $145.7
million, including $34.5 million of shares in 2021.
Purchases under this program will be made from time to time in
open market or privately negotiated transactions in compliance with
the applicable rules and regulations of the Securities and Exchange
Commission. The timing and number of shares repurchased under the
program, if any, will be at the discretion of the Board, and will
depend on a variety of factors, including price, corporate and
regulatory requirements, market conditions and other corporate
liquidity requirements and priorities. Therefore, there can be no
assurance as to the number or aggregate dollar amount of shares, if
any, that will be repurchased under the program. The program may be
suspended or terminated at any time without prior notice.
About WisdomTree
WisdomTree Investments, Inc., through its subsidiaries in the
U.S. and Europe (collectively, “WisdomTree”), is an ETF and ETP
sponsor and asset manager headquartered in New York. WisdomTree
offers products covering equity, commodity, fixed income, leveraged
and inverse, currency, cryptocurrency and alternative strategies.
WisdomTree currently has approximately $78.6 billion in assets
under management globally.
WisdomTree® is the marketing name for WisdomTree Investments,
Inc. and its subsidiaries worldwide.
Cautionary Statement Regarding Forward-Looking
Statements
This press release may contain a number of “forward-looking
statements” as defined in the Private Securities Litigation Reform
Act of 1995. These forward-looking statements include, but are not
limited to, statements about WisdomTree’s stock repurchase program
and WisdomTree’s future results and growth. These forward-looking
statements are based on WisdomTree’s management’s current
expectations, estimates, projections and beliefs, as well as a
number of assumptions concerning future events. These
forward-looking statements are not guarantees of future
performance, conditions or results, and involve a number of known
and unknown risks, uncertainties, assumptions and other important
factors, many of which are outside WisdomTree’s management’s
control, that could cause actual results to differ materially from
the results discussed in the forward-looking statements.
Forward-looking statements included in this release speak only as
of the date of this release. WisdomTree does not undertake any
obligation to update its forward-looking statements to reflect
events or circumstances after the date of this release except as
may be required by the federal securities laws.
Contact Information
Investor RelationsWisdomTree Investments, Inc.Jeremy
Campbell+1.646.522.2602jeremy.campbell@wisdomtree.com
Media RelationsWisdomTree Investments, Inc.Jessica
Zaloom+1.917.267.3735jzaloom@wisdomtree.com
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