Workplace Technology Dividend Fund Normal Course Issuer Bid
25 November 2021 - 2:00PM
Workplace Technology Dividend Fund (the “Fund”) (TSX: WORK.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 November 30, 2021 and will terminate on
November 29, 2022. 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 7,000,000 units issued and
outstanding as at November 18, 2021. The Fund may, during the 12
month period commencing November 30, 2021 purchase on the TSX up to
694,000 units, being 10% of the public float and may not, in any 30
day period, purchase more than 140,000 units, being 2% of the units
issued and outstanding. The Fund will cancel all units purchased
pursuant to the bid. Subject to receiving all necessary regulatory
approvals, the Fund may, in lieu of canceling units acquired, hold
the units in treasury for resale. The Fund is implementing the NCIB
to allow it to purchase units if and when it makes sense to do
so.
The Fund trades on the TSX under the symbol
“WORK.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
November 25, 2021
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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