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Lindsell Train trust offers 20% share buyback

Lindsell Train Investment Trust offered to buy back up to 20% of its shares to address a persistently wide discount between the market price and underlying asset value. The Financial Times RSS report does not disclose the tender price, timetable, funding source, shareholder commitments or how the trust will adjust its portfolio after the transaction.

Why it matters

A large tender can narrow the discount and return capital to investors dissatisfied with weak performance.

Sources

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