CALGARY, May 16, 2013 /CNW/ - REIT INDEXPLUS 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 May 18, 2013 and will terminate on May 17, 2014.
In accordance with the Declaration of Trust by which the Fund is
governed, market purchases pursuant to its NCIB may be effected by the
The Fund had 10,067,995 units issued and outstanding as at May 7, 2013.
The Fund may, during the 12 month period commencing May 18, 2013
purchase on the TSX up to 1,005,979 units, being 10% of the public
float and may not, in any 30 day period, purchase more than 201,359
units, being 2% of the units issued and outstanding. REIT INDEXPLUS
will hold in treasury for resale all units purchased pursuant to the
bid. As at May 7, 2013 the Fund had purchased 406,800 units at an
average price of $11.71 per unit under its previously approved normal
course issuer bid. REIT INDEXPLUS is implementing the NCIB to allow it
to purchase units if and when it makes sense to do so.
REIT INDEXPLUS Income Fund trades on the Toronto Stock Exchange under the symbol "IDR.UN".
SOURCE: REIT INDEXPLUS Income Fund
For further information:
visit our website at www.middlefield.com or contact the undersigned:
Managing Director, Sales and Marketing