Regal Investment Fund (ASX: $RF1) has announced an update regarding the extension of its existing buy-back. The on-market buy-back pertains to ordinary fully paid units and is aimed at providing further details of the buy-back.
The buy-back extension reflects our commitment to enhancing shareholder value and optimizing capital structure. We believe this initiative will contribute to the efficient allocation of capital and demonstrate our confidence in the long-term prospects of the company.
Regal Investment Fund (ASX: $RF1) has notified the market about the extension of its existing on-market buy-back for ordinary fully paid units. The buy-back does not intend to buy back a minimum or maximum number of securities and will be conducted for a cash consideration in Australian Dollar. The proposed buy-back start date is 25/7/2024, with the end date set for 24/7/2025. The Responsible Entity reserves the right to suspend or terminate the buy-back at any time without notice, and the buy-back will be conducted within the 10/12 limit at any given time. The company's decision to extend the buy-back underscores its dedication to enhancing shareholder value and confidence in its future prospects.