Market Currents
The board of CYS Investments (CYS) approves a stock repurchase plan of up to $250M (about 11% of...
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Thursday, November 15, 2012, 4:30 PM ETThe board of CYS Investments (CYS) approves a stock repurchase plan of up to $250M (about 11% of market cap). The mREIT joins others in the sector fighting back against waves of selling by buying back shares below book value. As of Sept. 30, CYS had book value/share of $14.46. Today's close: $11.78, an 18.5% discount. Shares +0.8% AH. (PR)
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