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Third Point Investors posts 'disappointing' NAV total return as it underperforms benchmark
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investmentweek.co.ukThe trust's share price declined 5.8% over the year, compared with a 24.4% gain for the MSCI World index and 26.3% for the S&P 500. As a result, throughout the year, its discount widened from 15.4% to 23.3%. However, it noted the discount has since tightened to around 18%. Third Point Investors commits to 25% tender offer after discount hits double-digits This was partly due to TPI's share buyback programme, under which it repurchased around 2.6 million shares worth $51.2m, alongside a 25% stock tender at a 2% discount to NAV in 2024 and 2027, the former having already been trigger...
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