Blue Ribbon Income Fund Renews Normal Course Issuer Bid
December 01 2021 - 1:41PM
(TSX: RBN.UN) Blue Ribbon Income Fund (the “Fund”)
has renewed its normal course issuer bid to purchase up to
1,104,800 units of the Fund representing approximately 10% of the
public float of 11,048,640 units. The Fund may purchase up to
222,972 units in any 30 day period which is 2% of the 11,148,640
issued and outstanding units at November 24, 2021.
As of November 24, 2021, the Fund had purchased
81,500 units of the 1,258,500 units under its current bid, as
approved by the TSX, at an average price of $7.94 per unit.
The units may be purchased for cancellation from
December 5, 2021 to December 4, 2022 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 funds 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 news 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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