CALGARY, May 13, 2015 /CNW/ - MINT Income Fund
announced that it has filed a notice with the Toronto Stock
Exchange (the "TSX") and received its approval to make a normal
course issuer bid ("NCIB") for its units through the facilities of
the TSX. This NCIB will commence on May 16,
2015 and will terminate on May
15, 2016. 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 16,305,646 units issued and outstanding as at
May 5, 2015. The Fund may,
during the 12 month period commencing May
16, 2015 purchase on the TSX up to 1,623,937 units, being
10% of the public float and may not, in any 30 day period, purchase
more than 326,112 units, being 2% of the units issued and
outstanding. The Fund will hold in treasury for resale all
units purchased pursuant to the bid. As at May 5, 2015 the Fund had purchased 264,800 units
at an average price of $9.75 per unit
under its previously approved normal course issuer bid. The
manager of the Fund believes that such purchases are in the best
interest of the Fund and are a desirable use of its available
funds.
MINT trades on the Toronto Stock Exchange under the symbol
"MID.UN".
SOURCE MINT Income Fund