COMPASS announces normal course issuer bid

TORONTO, June 7 /CNW/ - COMPASS Income Fund announced today its intention to make a normal course issuer bid for its units through the facilities of the Toronto Stock Exchange (the "TSX"). This normal course issuer bid is intended to commence on June 9, 2010 and will terminate on June 8, 2011. In accordance with the Declaration of Trust by which COMPASS is governed, market purchases pursuant to its normal course issuer bid may be effected by the Fund.

The Fund had 11,027,370 units issued and outstanding as at May 31, 2010. COMPASS may, during the 12 month period commencing June 9, 2010 purchase on the TSX up to 1,101,728 units, being 10% of the public float of 11,017,288 units and may not, in any 30 day period, purchase more than 220,547 units, being 2% of the units issued and outstanding. COMPASS will hold in treasury for resale all units purchased pursuant to the bid. As at May 31, 2010 COMPASS had purchased 85,200 units at an average price of $9.45 per unit under its previously approved normal course issuer bid. COMPASS 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.

COMPASS trades on the Toronto Stock Exchange under the symbol "CMZ.UN".


For further information: For further information: visit our website at or contact the undersigned: Nancy Tham, Senior Vice President, (416) 847-5349

Organization Profile

COMPASS Income Fund

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890