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|CYS Investments, Inc. Announces $250M Stock Repurchase Program|
As part of the stock repurchase program, shares may be purchased in open market transactions, including through block purchases, through privately negotiated transactions, or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Open market repurchases will be made in accordance with Exchange Act Rule 10b-18, which sets certain restrictions on the method, timing, price and volume of open market stock repurchases. The timing, manner, price and amount of any repurchases will be determined by the Company in its discretion and will be subject to economic and market conditions, stock price, applicable legal requirements and other factors. The authorization does not obligate the Company to acquire any particular amount of common stock and the program may be suspended or discontinued at the Company’s discretion without prior notice.
Forward-Looking Statements Disclaimer
This press release contains “forward-looking statements” made pursuant
to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995, including those relating to the planned stock
repurchase program. Forward-looking statements typically are identified
by use of the terms such as “believe,” “expect,” “anticipate,”
“estimate,” “plan,” “continue,” “intend,” “should,” “may” or similar
expressions. Forward-looking statements are based on the Company's
beliefs, assumptions and expectations of the Company's future
performance, taking into account all information currently available to
the Company. The Company cannot assure you that actual results will not
vary from the expectations contained in the forward-looking statements.
All of the forward-looking statements are subject to numerous possible
events, factors and conditions, many of which are beyond the control of
the Company and not all of which are known to the Company, including,
without limitation, market conditions and those described in the
Company's Annual Report on Form 10-K for the fiscal year ended
December 31, 2011 and Quarterly Report on Form 10-Q for the quarter
CYS Investments, Inc.