EBI everest babcock & brown alternative inv trust

Yeah true, and just posted some details today."Everest Babcock &...

  1. 955 Posts.
    Yeah true, and just posted some details today.

    "Everest Babcock & Brown Alternative Investment Trust (EBI) is undertaking an on-market buyback.
    Under the buy-back, EBI has to date cancelled 5,824,470 units. The number of units
    presently on issue in EBI is 179,192,421.
    Under the terms of the buy-back announcement of 23 August 2007, EBI may repurchase a further
    223,886 units."

    Cancelled 6 million out of 185 million, not a whole lot of compaction.

    Bring on a div.
 
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