Interesting comment in the April 2012 Sharesoc newsletter (PDF) …
Investment Trusts in the private equity sector trade at high discounts. DNE (Dunedin Enterprise) is looking to reduce their discount (33%) through a tender offer of up to 10% of the shares at 475p (discount of 12.2% to NAV). The current share price is 350p. The offer will be financed by sale of an investment.
I haven’t checked any of these facts, so DYOR.
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