MINT Income Fund Announces Normal Course Issuer Bid
20 Mai 2022 - 2:52PM
MINT Income Fund (the “Fund”) (TSX: MID.UN) announced that it has
filed a notice with the Toronto Stock Exchange (the “TSX”) and
received its approval to make a normal course issuer bid (“NCIB”).
Purchases pursuant to the NCIB will be made in the open market
through the facilities of the TSX. This NCIB will commence on May
25, 2022 and will terminate on May 24, 2023. In accordance with the
Declaration of Trust by which the Fund is governed, market
purchases pursuant to its NCIB may be effected by the Fund.
The Fund had 13,481,361 units issued and
outstanding as at May 11, 2022, including 13,461,884 units in the
public float. The Fund may, during the 12 month period commencing
May 25, 2022 purchase on the TSX up to 1,346,188 units, being 10%
of the public float and may not, in any 30 day period, purchase
more than 269,627 units, being 2% of the units issued and
outstanding. The Fund will hold in treasury for resale all units
purchased pursuant to the bid. As at May 11, 2022 the Fund had
purchased 36,800 units on the TSX at an average price of $6.66 per
unit under its previously approved normal course issuer bid. The
Fund had the ability to purchase up to 1,382,225 units under its
last NCIB. The manager of the Fund believes that such purchases are
in the best interest of the Fund and are a desirable use of its
available funds.
The Fund trades on the Toronto Stock Exchange
under the symbol “MID.UN”.
For further information visit our website at
www.middlefield.com or contact the
undersigned:
Nancy Tham Managing Director, Sales and
Marketing (416) 847-5349
May 20, 2022
This press release may contain forward-looking
information, including with respect to future purchases of Units by
the Fund. The forward-looking information contained in this press
release constitutes current expectations, as of the date of this
press release, with respect to the matters covered hereby.
Investors and others should not assume that any forward-looking
statement contained in this press release represents an estimate as
of any date other than the date of this press release.
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