CALGARY,
May 14, 2013 /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, 2013 and will terminate on
May 15, 2014. 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 15,055,349 units issued and
outstanding as at May 6, 2013.
The Fund may, during the 12 month period commencing May 16, 2013 purchase on the TSX up to 1,502,536
units, being 10% of the public float and may not, in any 30 day
period, purchase more than 301,106 units, being 2% of the units
issued and outstanding. MINT will hold in treasury for resale
all units purchased pursuant to the bid. As at May 6, 2013 the Fund had purchased 107,900 units
at an average price of $9.89 per unit
under its previously approved normal course issuer bid. MINT
is implementing the NCIB to allow it to purchase units if and when
it makes sense to do so.
MINT trades on the Toronto Stock Exchange under
the symbol "MID.UN".
SOURCE MINT Income Fund