Business News • MarketWire • Energy Credit Opportunities Income Fund Receives Approval for Normal Course Issuer Bid |
Energy Credit Opportunities Income Fund Receives Approval for Normal Course Issuer Bid |
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Energy Credit Opportunities Income Fund Receives Approval for Normal Course Issuer Bid
TORONTO, ONTARIO--(Marketwired - July 16, 2015) - Energy Credit Opportunities Income Fund (the "Fund") has received approval for a normal course issuer bid to purchase up to 306,000 Class A units ("Class A Units") and 52,995 Class U units ("Class U Units", and together with the Class A Units, "Units") of the Fund, representing approximately 10% of the public float of 3,060,000 Class A Units and 529,950 Class U Units, respectively. The Fund may purchase up to 61,200 Class A Units and 10,599 Class U Units in any 30 day period which is 2% of the 3,060,000 issued and outstanding Class A Units and 2% of the 529,950 issued and outstanding Class U Units, respectively, as at July 14, 2015.
View More : http://www.marketwired.com/mw/release.do?id=2039392&sourceType=3
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