AFIC Updates Market on Progress of On-Market Share Buy-Back

Australian Foundation Investment Co. Ltd. ( (AU:AFI) ) has provided an announcement.

Australian Foundation Investment Company Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back of ordinary fully paid shares under code AFI. The company continues to use the buy-back to actively manage its capital base, potentially supporting earnings per share and net asset value for remaining investors.

As of this latest daily update dated 28 April 2026, AFIC has repurchased a cumulative 14,017,608 shares prior to the previous trading day and a further 269,220 shares on the previous day. The continued execution of the buy-back program underscores management’s commitment to capital management and may influence the stock’s liquidity and ownership structure over time.

More about Australian Foundation Investment Co. Ltd.

Australian Foundation Investment Company Limited is a listed investment company on the ASX that provides investors with exposure to a diversified portfolio of Australian equities through its ordinary fully paid shares. It operates as a long-term investor in the Australian sharemarket, offering shareholders access to professionally managed, broad-based equity investments.

YTD Price Performance: -6.01%

Average Trading Volume: 709,752

Technical Sentiment Signal: Hold

See more insights into AFI stock on TipRanks’ Stock Analysis page.