Value Line (VALU) Announces Renewal Of Stock Repurchase Program

Value Line, Inc., (NASDAQ: VALU) reported that on May 31, 2022, the Board of Directors approved a renewal of the share repurchase program, effective immediately, allowing the repurchase of shares from time to time, up to an additional amount of $3,000,000. The new repurchase program, which replaces the March 2022 program, has no set price limit and no expiration date and makes available a total of approximately $3.04 million.

"Based on the Company’s current financial picture, we believe that renewal of the repurchase program is in the best interests of our shareholders," said Howard A. Brecher, the Company's Chairman and Chief Executive Officer.

During the twelve months ended April 30, 2022, there were 9,544,421 average common shares outstanding as compared to 9,596,912 average common shares outstanding during the twelve months ended April 30, 2021, reflecting buybacks of shares under the Company’s stock repurchase program. The Company had 9,490,672 shares of common stock outstanding as of May 31, 2022.

The Company’s quarterly report on Form 10-Q has been filed with the SEC and is available on the Company’s website at https://www.valueline.com/About/InvestorRelation.aspx. Shareholders may receive a printed copy, free of charge upon request.

Value Line, Inc. is a leading New York based provider of investment research.

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