4 stories this week 66 in all, from the Interval Funds desk.
Shares bought at $25 in 2013-14 traded at $14.81 on Oct. 19, about 85% below the split-adjusted cost.
85%Discount to original investors' split-adjusted $100 cost · Company reports via The DI Wire
Tender offer funds grew 9.7% to $136.6 billion in Q3, outpacing interval funds' 3.9% rise to $142.0 billion, per the firm's report.
The nontraded REIT paid $2.2 million for 106,071 shares on Sept. 30 while its aggregate net asset value rose 6.2% to $463.2 million.
The $30.4 billion interval fund told shareholders in a Sept. 3 letter it would fill about one-third of requests, its second straight prorated quarter.