Mulvihill Top 10 Canadian Financial Trust (TSX:TCT.UN) announces a share repurchase program. Under the bid, the company will repurchase up to a maximum of 202,552 units, representing 10% of its public float and 10% of its issued and outstanding units. The Fund may not purchase more than 40,510 of its units, representing approximately 2% of its issued and outstanding units in any 30-day period under the bid. The repurchases made pursuant to the bid will be made in the open market through the facilities of the TSX. The units repurchased by the Fund pursuant to the bid will be cancelled. The bid will commence from October 22, 2014 and will remain in effect until the earlier of October 21, 2015, the termination of the bid by the Fund or the Fund purchasing the maximum number of units permitted under the bid. The units repurchased will be cancelled. As of September 30, 2014, the company had 2,025,522 units issued and outstanding units as well as in public float.

On October 20, 2014, the Board announced that it has received approval from the Toronto Stock Exchange to make the repurchases.