The cumulated stake of Romanian investors edged down to 37.53%, from 37.92% at the end of October.

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 November, unchanged on the month.

The fund reported a total number of shareholders of 9,362 at the end of November, down from 9,495 in the previous month.

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

Friday, Fondul Proprietatea closed down 0.37% at RON0.54 a share in Bucharest.