cash back for investors if discount to net asset value exceeds 10% for three Months running
Swiss investment company of hedge funds Altin has offered investors cash back on their investments if its discount to net asset value (NAV) exceeds 10% for three months running. Altin will pay shareholders 10% of the trust's NAV per share or will buy back shares at 95% of NAV if the share price trades at a discount between 10% to 20% for a specified three-month period. In addition, if shares trade at a discount of more than 20% during that time, the fund of funds manager has promised shareholders a 50% return of NAV per share. A decision on which of the two dividends to pay will be ma...
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