Pathfinder Income Fund TSX:PCD.UN) announces a share repurchase program. Under the bid, the fund will repurchase up to 557,008 units, representing 10% of the issued and outstanding units and 10% of its public float. Repurchases will be made on the TSX.

Pathfinder will hold in treasury for resale all units purchased under the bid. In any 30 day period, the company can purchase not more than 2% of the units issued and outstanding. 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.

The company also received approval from the Toronto Stock Exchange. The bid will commence on December 14, 2015 and terminate on December 13, 2016. As of December 1, 2015, the company has 5,570,084 units issued and outstanding.