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The latest announcement is out from US Masters Residential Property Fund ( (AU:URF) ).
US Masters Residential Property Fund has announced an update regarding its ongoing on-market buy-back program. As of the latest notification, the company has repurchased a total of 287,336 securities on the previous day, adding to a cumulative total of 430,000 securities bought back. This buy-back initiative is part of the company’s strategy to manage its capital structure effectively, potentially enhancing shareholder value by reducing the number of outstanding securities.
More about US Masters Residential Property Fund
US Masters Residential Property Fund operates in the real estate investment industry, focusing on acquiring, managing, and leasing residential properties in the United States. The company is structured as a stapled entity, combining US Masters Residential Property Fund and US Masters Residential Property Fund II, and is listed under the ASX security code URF.
Average Trading Volume: 641,437
Technical Sentiment Signal: Buy
Current Market Cap: A$262.5M
For a thorough assessment of URF stock, go to TipRanks’ Stock Analysis page.
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