The cumulated stake of Romanian investors fell to 38.53%, from 39.28% at the end of July.

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 August, unchanged on the month.

The fund reported a total number of shareholders of 9,567 at the end of August, down from 9,637 in the previous month.

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

Monday, Fondul Proprietatea opened up 0.28% at RON0.5335 a share in Bucharest.