21st Feb 2019 14:41
LONDON (Alliance News) - Carador Income Fund PLC said on Thursday it will return USD35.8 million in total by way of a partial compulsory redemption of two sets of shares.
The investment company will repurchase 51.0 million US dollar shares, reflecting 19% of existing US dollar shares at USD0.6364 per share, at a total of USD32.5 million.
Following the repurchase, Carador will have 265.4 million US dollar shares issued overall.
In addition, Carador will buy back 4.7 million repurchase pool shares, reflecting 19% of existing repurchase pool shares at a price of USD0.6942 per share, at a total of USD3.3 million.
Following the buyback, Carador will have 24.6 million repurchase pool shares issued overall.
Shares in Carador were up 0.6% at USD0.57 on Thursday.
Related Shares:
CIFU.L