Bloom U.S. Income & Growth Fund (TSX:BUA.UN) announces an Equity Buyback.
June 27, 2017 at 12:00 am
Bloom U.S. Income & Growth Fund (TSX:BUA.UN) announces a share repurchase program. Under the program, the company will repurchase up to 160,328 Class A Units, representing 9.23% of its issued and outstanding share capital. The shares repurchased will be cancelled. The NCIB will commence on June 29, 2017 and will expire on June 28, 2018. As of June 20, 2017, the company has 1,737,276 issued and outstanding Class A Units.
Bloom Investment Counsel, Inc. acted as manager to the Fund.