JFT Strategies Fund filed a Notice of Intention to commence a normal course issuer bid on June 27, 2012. . Under the program, the company will repurchase up to 912,415 Class A units representing approximately 10 per cent of the public float and outstanding units. The fund will not purchase in any given 30-day period, in total, more than 182,483 Class A units, representing approximately 2 per cent of the issued and outstanding Class A units as of the close of business of June 26, 2012. The fund believes that such purchases are in the best interests of the fund and are a desirable use of the fund's funds. All purchases will be made through the facilities of the TSX in accordance with its rules and policies. Purchases of Class A units under the NCIB may commence on July 3, 2012 and expire on July 2, 2013. As of june 26, 2012, fund has 9,124,156 units outstanding.