John Hancock Tax-Advantaged Global Shareholder Yield Fund (NYSE:HTY) announces a share repurchase program. Under the program, the fund will repurchase up to 10% of its issued capital. The purpose of the share repurchase program is to enhance shareholder value and reduce the discount between the market price of the shares and the NAV. The repurchases will commence from January 1, 2020. The repurchase program will expire on December 31, 2020.