- Middlefield Global Real Asset Fund (RA.UN) has received approval to make a normal course issuer bid (NCIB)
- All purchases regarding the NCIB will be made in the open market through the facilities of the TSX
- This NCIB will commence on December 13, 2022 and will end on December 12, 2023
- Middlefield Global Real Asset Fund is a member of the Middlefield Group, which creates and manages specialized investment products for individual and institutional investors
- Middlefield Global Real Asset Fund was down 0.239 per cent, trading at $8.36 at 11:24 AM ET
Middlefield Global Real Asset Fund (RA.UN) has received approval to make a normal course issuer bid (NCIB).
This followed the filing of notice the company sent to the Toronto Stock Exchange and received its approval to make a normal course issuer bid (NCIB).
All purchases regarding the NCIB will be made in the open market through the facilities of the TSX.
This NCIB will commence on December 13, 2022, and will end on December 12, 2023. In accordance with the declaration of trust by which Middlefield is governed, market purchases regarding its NCIB may be affected by the fund.
The company had 6,418,826 units issued and outstanding as of November 30, 2022, including 6,396,626 in the public float.
Middlefield may, during the 12-month period commencing December 13, 2022, purchase on the TSX up to 639,662 units, being 10 per cent of the public float and may not, in any 30-day period, purchase more than 128,376 units, being 2.0 per cent of the units issued and outstanding.
As of November 30, 2022, Middlefield had purchased 175,700 units on the TSX at an average price of $8.56 per unit under its previously approved normal course issuer bid. It had the ability to purchase up to 936,715 units under its last NCIB.
Middlefield Global Real Asset Fund is a member of the Middlefield Group, which creates and manages specialized investment products for individual and institutional investors.
Middlefield Global Real Asset Fund was down 0.239 per cent, trading at $8.36 at 11:24 AM ET.
