Canadian High Income Equity Fund Renews Normal Course Issuer Bid
10 Marzo 2014 - 3:16PM
Marketwired
Canadian High Income Equity Fund Renews Normal Course Issuer Bid
TORONTO, ONTARIO--(Marketwired - Mar 10, 2014) - Canadian High
Income Equity Fund (TSX:CIQ.UN) has received approval for a normal
course issuer bid to purchase up to 585,400 units (the "Units") of
the Fund representing approximately 10% of the public float of
5,854,261 Units. The Fund may purchase up to 117,085 Units in any
30 day period which is 2% of the 5,854,261 issued and outstanding
Units at March 3, 2014.
As of March 3, 2014, the Fund had purchased 424,400 Units under
its current bid at an average price of $10.82 per unit.
The Units may be purchased for cancellation from March 12, 2014
to March 11, 2015 through the facilities of the TSX or other
eligible alternative market and may only be purchased at a price
per Unit not exceeding the last published net asset value per Unit.
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.
About Brompton Funds
Brompton Funds, a division of Brompton Group, is an experienced
investment fund manager operating since 2002. Brompton is focused
on meeting the needs of investors by offering low cost, innovative
products with client friendly terms and supported by strong
corporate governance. For further information, please contact your
investment advisor, call Brompton's investor relations line at
416-642-9051,
(toll-free at 1-866-642-6001) email
info@bromptongroup.com or visit our website at
www.bromptongroup.com.
Commissions, trailing commissions, management fees and
expenses all may be associated with investment funds. Please read
the Fund's publicly filed documents which are available from SEDAR
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 press 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.
Brompton FundsInvestor Relations416-642-9051, (toll-free at
1-866-642-6001)info@bromptongroup.comwww.bromptongroup.com
Grafico Azioni Canadian High Income Equ... (TSX:CIQ.UN)
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Grafico Azioni Canadian High Income Equ... (TSX:CIQ.UN)
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