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Australian Foundation Investment Co. Updates on Share Buy-Back
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Australian Foundation Investment Co. Updates on Share Buy-Back

Australian Foundation Investment Co. Ltd. (AU:AFI) has released an update.

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Australian Foundation Investment Company Limited has announced a daily buy-back of their ordinary fully paid securities, with 98,238 shares bought back on the previous day. This ongoing buy-back strategy indicates the company’s confidence in its financial health and aims to enhance shareholder value by reducing the number of shares outstanding.

For further insights into AU:AFI stock, check out TipRanks’ Stock Analysis page.

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