The cumulated stake of Romanian investors rose to 37.92%, from 38.36% at the end of September.

The figures refer to both private and corporate investors and do not include a 1.74% stake bought back by the fund. The fund’s shares will be cancelled at a later time, according to a shareholders’ decision.

Romanian Finance Ministry’s stake was 2.66% in October, unchanged on the month.

The fund reported a total number of shareholders of 9,495 at the end of October, down from 9,673 in the previous month.

Fondul Proprietatea was set up in 2005 to compensate Romanians whose properties were seized during communism.

Tuesday, Fondul Proprietatea closed flat at RON0.5375 a share in Bucharest.