CALGARY, Dec. 22, 2014 /CNW/ - Middlefield Can-Global REIT 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 December 28, 2014 and will terminate on December 27, 2015. 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 5,356,062 units issued and outstanding as at December 16, 2014. The Fund may, during the 12 month period commencing December 28, 2014 purchase on the TSX up to 535,606 units, being 10% of the public float and may not, in any 30 day period, purchase more than 107,121 units, being 2% of the units issued and outstanding. The Fund will hold in treasury for resale all units purchased pursuant to the bid. As at December 16, 2014 the Fund had purchased 103,400 units at an average price of $10.05 per unit under its previously approved normal course issuer bid. Middlefield Can-Global REIT is implementing the NCIB to allow it to purchase units if and when it makes sense to do so.
Middlefield Can-Global REIT trades on the Toronto Stock Exchange under the symbol "RCO.UN".
SOURCE: Middlefield Can-Global REIT Income Fund
For further information: visit our website at www.middlefield.com or contact the undersigned: Nancy Tham, Managing Director, Sales and Marketing, (416) 847-5349