Global Real Estate & E-Commerce Dividend Fund (TSX:GEC.UN) announces an Equity Buyback for 559,525 units, representing 10% of its issued share capital.
November 06, 2019 at 12:00 am EST
Global Real Estate & E-Commerce Dividend Fund (TSX:GEC.UN) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 559,525 units, representing 10% of its issued and outstanding share capital. The repurchased shares will be held in treasury for resale. The bid has been approved by the Toronto Stock Exchange. The repurchases will commence on November 12, 2019, and the bid will be valid up to November 11, 2020. As at October 29, 2019, the company had 5,595,259 issued and outstanding units.