Blue Ribbon Income Fund (TSX:RBN.UN) announces an Equity Buyback for 1,258,500 shares, representing 9.92% of the issued share capital.
December 02, 2020 at 10:30 am IST
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Blue Ribbon Income Fund (TSX:RBN.UN) announces a share repurchase program. Under the program, the company will repurchase up to 1,258,500 shares, representing 9.92% of the issued share capital of the fund. The units may be purchased for cancellation from December 5, 2020 to December 4, 2021. The shares may only be purchased at a price per unit not exceeding the last net asset value per unit. As of November 25, 2020, the company had 12,685,142 shares issued and outstanding.
Blue Ribbon Income Fund (the Fund) is a Canada-based mutual fund trust. The Fundâs investment objectives are to provide unitholders with high monthly distributions, together with the opportunity for capital appreciation. The Company's investment portfolio includes consumer staples, consumer discretionary; financial; industrial; materials; utilities; real estate, and communication services. The Fund manages a portfolio of publicly listed or traded securities, including income trusts, royalty trusts, real estate investment trusts, common shares, preferred securities, and debt instruments. Its investment products include ETFs, Split Share Funds, and Other Toronto Stock Exchange (TSX) Traded Funds. The Company's trustee is Computershare Trust Company of Canada. Bloom Investment Counsel, Inc. manages the fund's portfolio.
BLUE RIBBON INCOME FUND 
