Business News • MarketWire • Dundee REIT Renews Normal Course Issuer Bid |
Dundee REIT Renews Normal Course Issuer Bid |
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Dundee REIT Renews Normal Course Issuer Bid
TORONTO, ONTARIO--(Marketwire - Nov. 30, 2011) - DUNDEE REIT (TSX:D.UN) announced today that the Toronto Stock Exchange accepted a notice filed by Dundee REIT to renew its prior normal course issuer bid for a one year period. Under the bid, Dundee REIT will have the ability to purchase for cancellation up to a maximum of 5,910,181 of its REIT Units, Series A (the "Units, Series A") (representing 10% of the REIT's public float of 59,101,809 Units, Series A) through the facilities of the Toronto Stock Exchange. The bid will commence on December 2, 2011 and will remain in effect until the earlier of December 1, 2012 or the date on which the REIT has purchased the maximum number of units permitted under the bid. Daily purchases will be limited to 32,551 Units, Series A, other than purchases pursuant to applicable block purchase exceptions. As of November 18, 2011, the number of issued and outstanding Units, Series A is 61,729,039.
View More : http://www.marketwire.com/mw/release.do?id=1593257&sourceType=3
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