As mentioned in earlier reports, the Company believes that continued trading of its shares at amaterial discount to the underlying net asset value (which is unfortunately common amongstlisted investment companies) may provide an opportunity to increase shareholder value throughthe operation of an on-market share buy-back. Accordingly, the Company has approved an onmarket buy-back that will commence from 1 May 2019. We will continue to repurchase thecompany’s shares whenever we believe it is beneficial for shareholders. To ensure the market isfully informed, the pre-tax NTA as at 11th April was $1.22.
CVF Price at posting:
99.0¢ Sentiment: Hold Disclosure: Held
