I wish they did this much earlier, still I am glad that they are taking this move as looks like it will reduce the discount.
Credit to them that they are prepared to cut the size of the balance sheet which I understand will hit the fees the manager gets.
I am curious what they consider a meaningful discount (what they will buy back at), as with the numbers they mention this should form strong support.
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I wish they did this much earlier, still I am glad that they are...
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