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TORONTO, June 30, 2015 /CNW/ - JFT Strategies Fund (the
"Fund") (TSX: "JFS.UN") announced today acceptance by
the Toronto Stock Exchange (the "TSX") of the Fund's Notice of
Intention to make a Normal Course Issuer Bid (the
"NCIB").
Pursuant to the NCIB, the Fund proposes to purchase through the
facilities of the TSX, from time to time, if it is considered
advisable, up to 1,056,509 Class A Units of the Fund, representing
approximately 10% of the public float which is the same number as
the Fund's issued and outstanding Class A Units, being 10,565,099
Class A Units as of the close of business of June 22, 2015. The Fund will not purchase
in any given 30-day period, in the aggregate, more than 211,301
Class A Units, representing approximately 2% of the issued and
outstanding Class A Units as of the close of business of
June 22, 2015. Purchases of
Class A Units under the NCIB may commence on July 3, 2015. The Fund believes that such
purchases are in the best interests of the Fund and are a desirable
use of the Fund's funds. All purchases will be made through
the facilities of the TSX in accordance with its rules and
policies. All Class A Units purchased by the Fund pursuant to
the NCIB will be cancelled. The NCIB will expire on
July 2, 2016.
On June 27, 2014, the Fund
announced that it was making a Normal Course Issuer Bid, which
commenced July 3, 2014, to purchase
up to 1,116,458 Units through the facilities of the TSX. The Fund
has not repurchased any Units under the bid, which will expire on
July 2, 2015.
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SOURCE First Asset
