TORONTO, Dec. 02, 2020 (GLOBE NEWSWIRE) — (TSX: RBN.UN) Blue Ribbon Income Fund (the “Fund”) has renewed its normal course issuer bid to purchase up to 1,258,500 units of the Fund representing approximately 10% of the public float of 12,585,142 units. The Fund may purchase up to 253,702 units in any 30 day period which is 2% of the 12,685,142 issued and outstanding units at November 25, 2020.
As of November 25, 2020, the Fund had purchased 146,600 units of the 1,400,900 units under its current bid, as approved by the TSX, at an average price of $7.85 per unit.
The units may be purchased for cancellation from December 5, 2020 to December 4, 2021 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 [email protected] or visit our website at www.blueribbonincomefund.com.
Y
ou will usually pay brokerage fees to your dealer if you purchase or sell
units
of the investment fund
s
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 con
tain key information about the F
und. You can find more detailed information about
the
F
und 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 document 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
F
und 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.
Th
ese 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.