La Trobe Private Credit Fund (ASX:LF1) confirmed that it will not proceed with an off-market buy-back for the June quarter upon reaching the maximum allowable buy-back limit, according to a Tuesday filing with the Australian bourse.
It is not in the interests of unitholders to seek approval for the buy-back due to the costs to be incurred by the fund, the filing said.
The restriction is anticipated to prevent a buy-back only for the current quarter, per the filing.
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