From the announcement it's "up to 10%" meaning it may not buy-back that amount.
All the negative selling has been a great buying opportunity, I topped up at 90c.
Read the statement released, 100% of income fully hedged for the next 4-6 years.
So the gyrations in the $A are not an issue, so long as in 4-6 years time they have dropped back into the 70c range to USD.
Sharemarkets offer no guarantees but a 4-6 year income stream guarantee is pretty darn good.
If 10% of RAT is bought back, currently has a market cap of $381M so that's $38.1M bought back or at a trading price of 93c, represents about 40 million shares.
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