Business News • MarketWire • Canadian Utilities & Telecom Income Fund Announces Normal Course Issuer Bid |
Canadian Utilities & Telecom Income Fund Announces Normal Course Issuer Bid |
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Canadian Utilities & Telecom Income Fund Announces Normal Course Issuer Bid
TORONTO, ONTARIO--(Marketwired - Oct. 17, 2014) - Canadian Utilities & Telecom Income Fund (TSX:UTE.UN) (the "Fund") has filed a Notice of Intention to make a normal course issuer bid to purchase up to 358,791 Units representing approximately 10% of the Fund's public float of 3,587,910 Units as of September 30, 2014. The Fund may purchase up to 71,800 Units in any 30-day period which is 2% of the 3,590,002 Units issued and outstanding as at September 30, 2014.
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