C1 Fund shares surge 11.01% premarket after announcing $3 million share repurchase program.

C1 Fund Inc. (CFND) surged 11.01% in premarket trading following the announcement of a $3 million share repurchase program. The Board of Directors authorized the initiative to enhance shareholder value and reduce the discount between the stock price and net asset value per share (NAV). The program, effective until December 31, 2027, allows repurchases at prices below NAV, potentially boosting NAV accretion and liquidity. As a closed-end fund with no prior share repurchase history, this move signals confidence in undervalued shares and aligns with capital management strategies. The news was widely reported across multiple outlets, reinforcing its relevance to the stock’s upward momentum.