Toscana Energy Income Corporation (TSX:TEI) announces a share repurchase program. Under the program, the company will repurchase up to 469,377 common shares, representing 10% of public float and 8.80% of the issued and outstanding common shares as at January 27, 2014. Purchases of common shares under the bid will be effected through the facilities of the Toronto Stock Exchange at the market price at the time of purchase. Shares purchased will be cancelled. The maximum number of common shares that the corporation may repurchase in any one day is 25% of the ADTV, which totals 1,085 common shares. Toscana may also make one block purchase per calendar week which exceeds the daily repurchase restriction. The bid will expire on the earlier of January 30, 2015 and the date on which the maximum number of common shares are purchased pursuant to the bid. As of January 27, 2014, the company has 5,330,678 common shares issued and outstanding.

On January 29, 2014, the company entered into an automatic share repurchases plan agreement. Pursuant to the ASRP Agreement, the timing for the purchase of common shares, the number of common shares purchased and the price payable for the common shares will be determined by National in its sole discretion, without consultation with Toscana, having regard to the price limitations and other terms of the ASRP Agreement and the rules of the Toronto Stock Exchange.