Eppley Caribbean Property Fund Limited (CPFV) has advised that the during the period March 25 -31, 2020, the Company purchased 17,000 CPFV shares in keeping with its Value Fund Share Buy Back policy:
CPFV further advised that:
“The purpose of the acquisition is to unlock shareholder value by purchasing shares at a price that is a significant discount to our book value per share consistent with the strategy previously disclosed in our prospectus and our recently released Annual Report.
“The source of funding was cash on our balance sheet.
“The shares were repurchased on the open market via our broker, NCB Capital Markets Limited.”