Canadian High Income Equity Fund (TSX:CIQ.UN) announces an Equity Buyback for 313,700 shares, representing 10% of its issued and outstanding units and 10% of its public float.
March 08, 2017 at 12:00 am
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Canadian High Income Equity Fund (TSX:CIQ.UN) announces a share repurchase program. Under the program, the company will repurchase up to 313,700 shares, representing 10% of its issued and outstanding units and 10% of its public float. The units may only be purchased at a price per unit not exceeding the last published net asset value per unit through the facilities of the TSX or other alternative Canadian trading system. The repurchased units will be cancelled. 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. The plan will commence on March 14, 2017 and will expire on March 13, 2018. As of March 2, 2017, the company has 3,137,770 units in public float and 3,137,770 units issued and outstanding.
Canadian High Income Equity Fund (the Fund) is a mutual fund trust. The Fundâs investment objective is to provide unitholders with a high monthly distribution and the opportunity for capital appreciation through investment in an actively managed portfolio of publicly listed or traded Canadian securities. The Fund's investments sectors include communication services, consumer staples and discretionary, financial, industrial, materials, oil and gas, pipes, power, utilities and infrastructure, real estate and short-term investments. Brompton Funds Limited is the manager and Bloom Investment Counsel, Inc. is the investment manager of the Fund.
Canadian High Income Equity Fund (TSX: CIQ.UN) announces an Equity Buyback for 313,700 shares, representing 10% of its issued and outstanding units and 10% of its public float.
CANADIAN HIGH INCOME EQUITY FUND 
