TSX Symbol: TCZ
TORONTO, Aug. 30 /CNW/ - Trident Performance Corp. II (the "Corporation") intends to purchase for cancellation up to 421,339 of its Shares by way of a normal course issuer bid through the facilities of The Toronto Stock Exchange. The 421,339 Shares represent 10% of the public float of the Corporation being 4,213,392 Shares as at August 23, 2010. The number of issued and outstanding Shares as at August 23, 2010 is 4,213,392. The Corporation has purchased 295,900 Shares during the past 12 months through GMP Securities LP at an average price of $8.370 per Share.
The purchases may commence on September 1, 2010 and will terminate on August 31, 2011, or on such earlier date as the Corporation may complete its purchases pursuant to a notice of intention filed with The Toronto Stock Exchange or provide notice of termination. Any such purchases will be made by the Corporation at the prevailing market price at the time of such purchases in accordance with the requirements of The Toronto Stock Exchange. The Corporation will not purchase in any given 30-day period, in aggregate, more than 84,268 Shares, being 2% of the issued and outstanding Shares as of the date hereof.
SOURCE CI Investments Inc.
For further information: For further information: David C. Pauli, Executive Vice-President, CI Investments Inc., Tel.: 416-364-1145, Toll Free: 1-800-268-9374