TORONTO, Jan. 16 /CNW/ - Revenue Properties Company Limited (TSX: RPC)
("RPCL") announced today that it filed and The Toronto Stock Exchange has
accepted a Notice of Intention to Make a Normal Course Issuer Bid. In its
notice, RPCL has indicated its intention to acquire through the facilities of
The Toronto Stock Exchange up to 541,356 common shares, representing
approximately 5% of the 10,827,199 outstanding common shares as at
January 10, 2008.
The notice provides that such common shares may be purchased by RPCL
during the twelve-month period commencing January 18, 2008 and ending
January 17, 2009. RPCL will pay the market price of the common shares for such
common shares at the time of acquisition. The actual number of common shares
to be purchased and the timing of any such purchases will be determined by
RPCL. All common shares purchased under the Normal Course Issuer Bid will be
cancelled. RPCL's average daily trading volume for the prior six months
The Board of Directors of RPCL has authorized the purchase of common
shares pursuant to this notice because it believes that, on occasion, such
common shares become available at prices that make them an attractive
investment for, and an appropriate use of the funds of RPCL.
During the period from September 19, 2006 to September 18, 2007, RPCL
purchased 26,700 common shares at an average price of $15.29 per common share
pursuant to a Normal Course Issuer Bid.
Revenue Properties Company Limited is a real estate company engaged in
the acquisition, development and ownership of income-producing properties.
Additional information can be obtained on the Internet at
For further information:
For further information: Paul Miatello, Chief Financial Officer, (905)