US Masters Residential Property Fund (AU:URF) has released an update.
US Masters Residential Property Fund has announced an update on its ongoing securities buy-back program, reporting the purchase of 69,589 fully paid stapled securities on the previous day, adding to a total of 26,648,971 securities bought back to date. The buy-back is part of the daily operations for the company which comprises both the US Masters Residential Property Fund and US Masters Residential Property Fund II as a stapled entity. This move is consistent with the fund’s strategy to manage its market capitalization and share value.
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