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American Housing board approves $2M stock repurchase program

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American Housing board approves $2M stock repurchase program

American HousingIncome Trust Inc.'s board of directors approved a $2.0 million stockrepurchase program April 4.

The company said in an April 6 filing that the repurchase maybe executed using open market purchases, privately negotiated agreements or othertransactions, and will be funded from cash on hand, available borrowings or proceedsfrom potential debt or other capital markets sources.

The repurchase plan expires on or before Nov. 1.