Australian REIT Income Fund Announces Normal Course Issuer Bid
(firmenpresse) - OAKVILLE, ONTARIO -- (Marketwired) -- 05/04/15 -- Harvest Portfolios Group Inc., the manager (the "Manager") of Australian REIT Income Fund (the "Fund") (TSX: HRR.UN) today announced that the Fund will commence a normal course issuer bid to purchase a portion of the outstanding Class A Units (TSX: HRR.UN) on the Toronto Stock Exchange ("TSX") and other Canadian marketplaces, including alternative trading systems. The purpose of the normal course issuer bid for HRR.UN is to provide the Fund with a mechanism to decrease the potential spread between the net asset value per unit and the market price of the Class A Units and to provide enhanced liquidity for the Class A Units. HRR.UN intends to purchase up to 511,380 Class A Units, representing 10% of the public float of the securities issued and outstanding. These purchases will be made in accordance with applicable regulations, and will be effected through the facilities of TSX and other Canadian marketplaces, including alternative trading systems over a maximum period of 12 months commencing on May 7, 2015 and ending on the earlier of May 6, 2016 or on such date as the Fund completes its purchase under the normal course issuer bid or on such date as the Fund may otherwise determine. Class A Units purchased will be cancelled. HRR.UN had 5,115,808 Class A Units issued and outstanding and will not purchase in any given 30 day period, in the aggregate more than 102,316, being 2% of the issued and outstanding Class A Units as at April 30, 2015. The Company purchased for cancellation 104,800 Class A Units at a weighted average price per Class A Units of $8.98 under its previous normal course issuer bid.
Contacts:
Harvest Portfolios Group Inc.
1-866-998-8298
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 04.05.2015 - 16:23 Uhr
Sprache: Deutsch
News-ID 1356262
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
OAKVILLE, ONTARIO
Phone:
Kategorie:
Commercial Real Estate
Anmerkungen:
Diese Pressemitteilung wurde bisher 244 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Australian REIT Income Fund Announces Normal Course Issuer Bid
"
steht unter der journalistisch-redaktionellen Verantwortung von
Australian REIT Income Fund and Harvest Portfolios Group Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
