TORONTO, Sept. 11, 2012 /CNW/ - 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 September 13, 2012 and will terminate on September 12, 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 10,704,471 units issued and outstanding as at September 4, 2012. The Fund may, during the 12 month period commencing September 13, 2012 purchase on the TSX up to 1,070,080 units, being 10% of the public float and may not, in any 30 day period, purchase more than 214,089 units, being 2% of the units issued and outstanding. INDEXPLUS will hold in treasury for resale all units purchased pursuant to the bid. As at September 4, 2012 the Fund had purchased 132,000 units at an average price of $12.13 per unit under its previously approved normal course issuer bid. INDEXPLUS is implementing the NCIB to allow it to purchase units if and when it makes sense to do so.
INDEXPLUS Income Fund trades on the Toronto Stock Exchange under the symbol "IDX.UN".
SOURCE: INDEXPLUS Income Fund
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