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Provider: Reuters Investment Profile
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Provider: Thomson Reuters Stock Report
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Provider: Thomson Reuters Stock Report
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Provider: Thomson Reuters Stock Report
$25.00

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Morguard North American Residential Real Estate Investment Trust Announces Normal Course Issuer


Wednesday, 19 Dec 2012 11:27am EST 

Morguard North American Residential Real Estate Investment Trust announced that the Toronto Stock Exchange has accepted its notice of intention to make a normal course issuer bid through the facilities of the TSX. The notice provides that Morguard may, during the twelve month period commencing December 21, 2012 and ending December 20, 2013 , purchase for cancellation on the Toronto Stock Exchange up to 1,600,000 units ("Units) in total, being approximately 10% of the public float of outstanding Units. The daily repurchase restriction for the Units is 7,777. The price which Morguard will pay for any such Units will be the market price at the time of acquisition. The actual number of Units which may be purchased and the timing of any such purchases will be subject to compliance with the TSX guidelines.