MINT Income Fund Announces Normal Course Issuer Bid
23 May 2023 - 10:42PM
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, 2023 and will terminate on May 24, 2024. 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 12,284,463 units issued and
outstanding as at May 12, 2023, including 12,226,409 units in the
public float. The Fund may, during the 12 month period commencing
May 25, 2023 purchase on the TSX up to 1,226,409 units, being 10%
of the public float and may not, in any 30 day period, purchase
more than 245,689 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 12, 2023 the Fund had
purchased 47,200 units on the TSX at an average price of $6.72 per
unit under its previously approved normal course issuer bid. The
Fund had the ability to purchase up to 1,346,188 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 23, 2023
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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