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Buy-backsInvestment trusts have the ability to buy-back a certain proportion of their shares to improve shareholder value – usually to narrow the discount. Shareholders will be asked to vote each year so that the fund manager can exercise this right as and when it is deemed suitable.
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Buy-backsInvestment trusts have the ability to buy-back their shares to improve shareholder value and help moderate volatility in the discount. Shareholders will be asked to vote each year so that the Company can exercise this right as and when it is deemed suitable.
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