Middlefield Can-Global REIT Income Fund announces normal course issuer bid
TORONTO, Dec. 21, 2012 /CNW/ - Middlefield Can-Global REIT Income Fund 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") for its units through the facilities of the TSX. This NCIB will commence on December 28, 2012 and will terminate on December 27, 2013. 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 7,500,000 units issued and outstanding as at December 19, 2012. The Fund may, during the 12 month period commencing December 28, 2012 purchase on the TSX up to 749,530 units, being 10% of the public float and may not, in any 30 day period, purchase more than 150,000 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. Middlefield Can-Global REIT Income Fund believes that its units represent good value for the Fund and purchases under the normal course issuer bid may serve to enhance returns to unitholders.
Can-Global REIT trades on the Toronto Stock Exchange under the symbol "RCO.UN".
SOURCE: Middlefield Can-Global REIT Income FundFor further information:
visit our website at www.middlefield.com or contact the undersigned:
Managing Director, Sales and Marketing