Is there a reason for the forced cancelling of shares after a buyback?
Just intrigued, as I don't see why the shares can't stay on treasury and be re-issued?
The UK definitely have the better system - it keeps closed funds a lot tighter to their NTA.
Australia is replete with small, illiquid junk - which should have been wound up a decade ago.
Thankfully the ETF industry is speeding up the destruction process for closed funds. They either adapt or face no demand.
Is there a reason for the forced cancelling of shares after a...
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Mkt cap ! $3.346B | |||
| Open | High | Low | Value | Volume |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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| Last updated 15.59pm 14/06/2024 ? | |||||
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