Middlefield Can-Global REIT Income Fund Announces Normal Course Issuer Bid
23 Décembre 2021 - 2:00PM
Middlefield Can-Global REIT Income Fund (the “Fund”) (TSX: RCO.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 December 28, 2021 and will terminate on
December 27, 2022. 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 1,618,666 units issued and
outstanding as at December 13, 2021. The Fund may, during the 12
month period commencing December 28, 2021 purchase on the TSX up to
161,866 units, being 10% of the public float and may not, in any 30
day period, purchase more than 32,373 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 December 13, 2021
the Fund had purchased 17,800 units on the TSX at an weighted
average price of $10.84 per unit under its previously approved
normal course issuer bid. The Fund had the ability to purchase up
to 177,038 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 TSX under the symbol
“RCO.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
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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