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Pengana Global Private Credit Trust ( (AU:PCX) ) has shared an update.
Pengana Global Private Credit Trust has provided an updated notification to the ASX regarding its ongoing on-market buy-back of ordinary units, confirming that a total of 1,402,329 units had been repurchased before the previous day, with a further 45,322 units bought back on the prior trading day. The continued daily buy-back activity signals the manager’s commitment to capital management and may support the trading price of PCX units, potentially benefiting existing unitholders through improved liquidity and accretion in per-unit value over time.
More about Pengana Global Private Credit Trust
Pengana Global Private Credit Trust is an ASX-listed investment trust focused on global private credit, offering investors exposure to a diversified portfolio of income-generating credit assets. Its ordinary units trade under the ticker PCX on the Australian Securities Exchange, targeting investors seeking yield through professionally managed private credit strategies.
Average Trading Volume: 191,250
Technical Sentiment Signal: Strong Buy
Learn more about PCX stock on TipRanks’ Stock Analysis page.