- The Canadian High Income Equity Fund (CIQ.UN) has renewed its normal course issuer bid
- The fund will purchase up to 167,000 units representing approximately 10 per cent of its public float
- As of March 3, 2021, the fund has purchased 42,250 units at an average price of C$6.82 per unit
- Brompton Funds offers income-focused investment solutions including closed-end funds and exchange-traded funds
- The Canadian High Income Equity Fund (CIQ.UN) is down 0.13 per cent and is currently trading at C$7.40 per share
The Canadian High Income Equity Fund (CIQ.UN) has renewed its normal course issuer bid.
The fund will purchase up to 167,000 units representing approximately 10 per cent of its public float.
The fund may purchase up to 33,410 units in any 30-day period, which is 2 per cent of the 1,670,534 total issued and outstanding units as of March 3, 2021.
As of March 3, 2021, the fund has purchased 42,250 units under its current bid at an average price of C$6.82 per unit.
The fund may purchase units for cancellation from March 14, 2021 to March 13, 2022.
Brompton Funds offers income-focused investment solutions including closed-end funds and exchange-traded funds.
The Canadian High Income Equity Fund (CIQ.UN) is down 0.13 per cent and is currently trading at C$7.40 per share as of 1:35 pm EST.