- Workplace Technology Dividend Fund (WORK.UN) has announced a normal course issuer bid
- Purchases pursuant to the NCIB will be made in the open market through the facilities of the TSX
- This NCIB will commence on November 30, 2021, and will terminate on November 29, 2022
- The Fund had 7,000,000 units issued and outstanding as at November 18, 2021
- Subject to receiving all necessary regulatory approvals, the fund may hold the units in treasury for resale
- Workplace Technology (WORK.UN) is down 0.10 per cent, trading at $9.70 at 2:14 pm EST
Workplace Technology Dividend Fund (WORK.UN) has received approval from the TSX for a normal course issuer bid.
Purchases pursuant to the NCIB will be made in the open market through the facilities of the TSX.
This NCIB will commence on November 30, 2021, and will terminate on November 29, 2022. In accordance with the Declaration of Trust by which the Fund is governed, market purchases pursuant to its NCIB may be effected by the Fund.
The Fund had 7,000,000 units issued and outstanding as of November 18, 2021. The Fund may, during the 12 month period commencing November 30, 2021 purchase on the TSX up to 694,000 units, being 10 per cent of the public float and may not, in any 30 day period, purchase more than 140,000 units, being 2 per cent of the units issued and outstanding.
The fund will cancel all units purchased pursuant to the bid. Subject to receiving all necessary regulatory approvals, the fund may, in lieu of cancelling units acquired, hold the units in treasury for resale.
Workplace Technology (WORK.UN) is down 0.10 per cent, trading at $9.70 at 2:14 pm EST.