Blue Ribbon Income Fund Renews Normal Course Issuer Bid
November 30 2018 - 9:52AM
(TSX: RBN.UN) Blue Ribbon Income Fund (the
“Fund”) has renewed its normal course issuer bid to purchase up to
1,625,500 units of the Fund representing approximately 10% of the
public float of 16,255,241 units. The Fund may purchase up to
327,104 units in any 30 day period which is 2% of the 16,355,241
issued and outstanding units at November 23, 2018.
As of November 23, 2018, the Fund had purchased
444,400 units of the 1,854,700 units approved under its current bid
at an average price of $8.96 per unit.
The units may be purchased for cancellation from
December 5, 2018 to December 4, 2019 through the facilities of the
TSX or other alternative Canadian trading system and may only be
purchased at a price per unit not exceeding the last net asset
value per unit. The Administrator of the Fund believes that
such purchases are in the best interest of the Fund and are a
desirable use of its available funds.
For further information, please contact your
investment advisor, call Brompton’s investor relations line at
416-642-6000, toll-free at 1-866-642-6001, email
info@bromptongroup.com or visit our website at
www.blueribbonincomefund.com.
You will usually pay brokerage fees to your
dealer if you purchase or sell units of the investment fund on the
Toronto Stock Exchange or other alternative Canadian trading system
(an “exchange”). If the units are purchased or sold on an
exchange, investors may pay more than the current net asset value
when buying units of the investment fund and may receive less than
the current net asset value when selling them.
There are ongoing fees and expenses associated
with owning units of an investment fund. An investment fund
must prepare disclosure documents that contain key information
about the Fund. You can find more detailed information about
the Fund in the public filings available at www.sedar.com.
Investment funds are not guaranteed, their values change frequently
and past performance may not be repeated.
Certain statements contained in this news
release constitute forward-looking information within the meaning
of Canadian securities laws. Forward-looking information may relate
to matters disclosed in this press release and to other matters
identified in public filings relating to the Fund, to the future
outlook of the Fund and anticipated events or results and may
include statements regarding the future financial performance of
the Fund. In some cases, forward-looking information can be
identified by terms such as “may”, “will”, “should”, “expect”,
“plan”, “anticipate”, “believe”, “intend”, “estimate”, “predict”,
“potential”, “continue” or other similar expressions concerning
matters that are not historical facts. Actual results may
vary from such forward-looking information. Investors should
not place undue reliance on forward-looking statements. These
forward-looking statements are made as of the date hereof and we
assume no obligation to update or revise them to reflect new events
or circumstances.
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