Global Dividend Growers Income Fund Announces Normal Course Issuer Bid
Global Dividend Growers Income Fund 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) for its units through the facilities of the TSX. This NCIB will commence on April 23, 2013 and will terminate on April 22, 2014. 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 6,500,000 units issued and outstanding as at April 16, 2013. The Fund may, during the 12 month period commencing April 23, 2013 purchase on the TSX up to 646,300 units, being 10% of the public float and may not, in any 30 day period, purchase more than 130,000 units, being 2% of the units issued and outstanding. The Fund will cancel all units purchased pursuant to the bid.
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