CALGARY, May 23, 2017 /CNW/ - MINT 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 May 25, 2017 and will terminate on May 24, 2018. 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 28,505,733 units issued and outstanding as at
May 15, 2017. The Fund may,
during the 12 month period commencing May
25, 2017 purchase on the TSX up to 2,849,753 units, being
10% of the public float and may not, in any 30 day period, purchase
more than 570,114 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 15, 2017 the Fund had purchased 207,300 units
at an average price of $6.96 per unit
under its previously approved normal course issuer bid. 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.
MINT trades on the Toronto Stock Exchange under the symbol
"MID.UN".
This press release may contain forward-looking information,
including with respect to future purchases of Units by the
Corporation. 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.
SOURCE MINT Income Fund