URF 0.00% 28.5¢ us masters residential property fund

FWIW - I don't know how the buyback limit is impacted with URFPA...

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    FWIW - I don't know how the buyback limit is impacted with URFPA buyback and conversion. But, assuming the limits apply collectively (10% URF and 10% URFPA) then the logic goes as follows:

    They bought back 38,335,000 URF equivalent shares through the URFPA BB (187,000 * 205)
    Plus the 33,522,734 URF common
    = 71,857,734 equivalent shares bought back

    Total available: 751,333,477
    = 9.564% bought back

    Depending on how the limits work, they may be with-holding for this reason.
 
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