Cadence Opportunities Fund (ASX:CDO) Buy-Back Announcement

Cadence Opportunities Fund Limited (ASX:CDO) has released a new announcement on 3/10/2024 regarding the on-market buy-back of fully paid ordinary securities. The total number of securities on issue in the class to be bought back is 15,609,770, with a proposed start date of 21/10/2024 and end date of 17/10/2025.

Executive Commentary on Buy-Back

The entity named Cadence Opportunities Fund Limited (ASX:CDO) has provided notification of the on-market buy-back of fully paid ordinary securities. The buy-back is set to buy back up to 800,000 fully paid ordinary securities, with the proposed start date of 21/10/2024 and end date of 17/10/2025. The buy-back is intended to be conducted for cash consideration in AUD, and the entity has confirmed that the buy-back does not require security holder approval.

Summary of Cadence Opportunities Fund (ASX:CDO) Buy-Back Announcement

Cadence Opportunities Fund Limited (ASX:CDO) has announced a new on-market buy-back of fully paid ordinary securities. The entity intends to buy back up to 800,000 fully paid ordinary securities, with the proposed start date of 21/10/2024 and end date of 17/10/2025. The buy-back is not subject to security holder approval and is intended to be conducted for cash consideration in AUD. This announcement reflects the entity's proactive approach to managing its capital structure and returning value to its shareholders.