- The Sustainable Innovation & Health Dividend Fund has announced its intention to renew its normal course issuer bid (NCIB)
- Under its previous bid, the Fund purchased 378,400 units
- Between September 1, 2022 and August 31, 2023, the fund may purchase up to 788,740 units
- All units purchased will be held in treasury for resale
- The Sustainable Innovation & Health Dividend Fund (SIH.UN) is down 1.97 per cent, trading at C$8.95 per share at 9:45 am ET
The Sustainable Innovation & Health Dividend Fund (SIH.UN) has announced its intention to renew its normal course issuer bid (NCIB).
The bid will commence on September 1, 2022 and will terminate on August 31, 2023.
The fund had 7,928,501 units issued and outstanding as at August 19, 2022 including 7,887,401 units in the public float.
The fund may, during the 12 month period may purchase up to 788,740 units. The fund may not purchase more than 158,570 units in any 30-day period.
All units purchased will be held in treasury for resale.
Under its previous bid, the Fund purchased 378,400 units.
The fund manager believes that bid purchases are in the best interest of the fund.
The Sustainable Innovation & Health Dividend Fund (SIH.UN) is down 1.97 per cent, trading at C$8.95 per share at 9:45 am ET.