Hi @barny Yes I am participating in buyback and have been selling into market. Mainly to re-weight portfolio after gains in PAC over years and to reallocate to higher growth/dividend stocks. This is the first time I have sold PAC shares (apart from selling a few thousand here and there).
I still hold PAC, but a much smaller portion of prior holdings. I think we need to wait and see what happens with reinvestment of proceeds. Believe current board will make good decisions, but want to see the growth profile of any new boutique.
GQG has taken up a majority of this new cash allocation, but was under $2 per share. This has doubled my income from dividends versus PAC.
I am also investing in a couple of other smaller caps not related to funds management industry.
PAC Price at posting:
$11.99 Sentiment: None Disclosure: Held
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