Flaherty & Crumrine Investment Grade Fixed Income Fund announces an Equity Buyback for 770,700 shares, representing 10% of its issued share capital.
December 21, 2017 at 12:00 am EST
Flaherty & Crumrine Investment Grade Fixed Income Fund (TSX:FFI.UN) announces a share repurchase program. Under the bid, the Fund will repurchase up to 770,700 units, representing 10% of its issued share capital. The shares will be repurchased at a price per unit not exceeding the last published net asset value per unit. The repurchased units will be cancelled. The bid will commence on December 29, 2017 and will end on December 28, 2018. As of December 12, 2017 the Fund had 7,714,664 issued and outstanding units.