Blue Ribbon Income Fund Renews Normal Course Issuer Bid
30 November 2013 - 1:59AM
Marketwired
Blue Ribbon Income Fund Renews Normal Course Issuer Bid
TORONTO, ONTARIO--(Marketwired - Nov 29, 2013) - Blue Ribbon
Income Fund (TSX:RBN.UN) has renewed its normal course issuer bid
to purchase up to 2,612,600 units of the Fund representing
approximately 10% of the public float of 26,126,558 units. The Fund
may purchase up to 524,531 units in any 30 day period which is 2%
of the 26,226,558 issued and outstanding units at November 25,
2013.
As of November 25, 2013, the Fund had purchased 60,200 units
under its current bid at an average price of $10.91 per unit.
The units may be purchased for cancellation from December 3,
2013 to December 2, 2014 through the facilities of the TSX or other
eligible alternative market and may only be purchased at a price
per unit not exceeding the last net asset value per unit. The
Administrator of the Fund believes that such purchases are in the
best interest of the Fund and are a desirable use of its available
funds.
For further information, please contact your investment advisor,
call Brompton's investor relations line at 416-642-6000, toll-free
at 1-866-642-6001, email info@bromptongroup.com or visit our
website at www.blueribbonincomefund.com.
Commissions, trailing commissions, management fees and
expenses all may be associated with investment funds. Please read
the fund's publicly filed documents which are available from SEDAR
at www.sedar.com. Investment funds are not guaranteed, their values
change frequently and past performance may not be
repeated.
Certain statements contained in this news release constitute
forward-looking information within the meaning of Canadian
securities laws. Forward-looking information may relate to matters
disclosed in this press release and to other matters identified in
public filings relating to the Fund, to the future outlook of the
Fund and anticipated events or results and may include statements
regarding the future financial performance of the Fund. In some
cases, forward-looking information can be identified by terms such
as "may", "will", "should", "expect", "plan", "anticipate",
"believe", "intend", "estimate", "predict", "potential", "continue"
or other similar expressions concerning matters that are not
historical facts. Actual results may vary from such forward-looking
information.
Brompton's investor relations line416-642-6000 or Toll-free at
1-866-642-6001info@bromptongroup.comwww.blueribbonincomefund.com
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