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Slideshow Stock Buybacks

By The Online Investor Staff, updated Mon., Jan. 24, 1:07 PM

Slide #16. Morguard North American Residential Real Estate Investment Trust

Company: Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN.CA)
Share Amount Authorized: 1,478,869
Buyback Details: Morguard North American Residential Real Estate Investment Trust (TSX: MRG.UN) (the "REIT") announced today that the Toronto Stock Exchange has accepted its notice of intention to make a normal course issuer bid through the facilities of the TSX and/or alternative Canadian trading systems. The notice provides that the REIT may, during the twelve month period commencing January 8, 2022 and ending January 7, 2023, purchase for cancellation up to 1,478,869 units ("Units") in total, being approximately 5% of the public float of outstanding Units. The daily repurchase restriction for the Units is 7,877. Additionally, the REIT may purchase for cancellation up to $4,024,000 principal amount of the 4.50% Convertible Unsecured Subordinated Debentures due March 31, 2023 (TSX:MRG.DB.A) ("Debentures") being 5% of the public float of outstanding Debentures. The daily repurchase restriction for the Debentures is $8,480.

Morguard North American Residential Real Estate Investment is an unincorporated open-ended real estate investment trust. Co. invests in multi-suite residential rental properties in Canada and United States.
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Company Name: 
Morguard North American Residential Real Estate Investment Trust
Website: 
www.morguard.com
Sector: 
REITs
 

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