AFIC Refreshes Buy-Back Facility After Repurchasing 42 Million Shares
Closing price · 2026-10-26: $6.77 · +0.89%
Australian Foundation Investment Company refreshed its on-market buy-back facility for capital management, with approximately 69 million shares remaining under its stated maximum after buying back 245,000 shares on the previous trading day. Its estimated pre-tax net tangible asset backing was $7.87 per share, compared with a closing share price of $6.71, after provisions for quarterly and special dividends.