MINT Income Fund (TSX : MID.UN) announces an Equity Buyback for 1,226,409 shares, representing 10% of its issued share capital.
May 23, 2023 at 05:00 am
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MINT Income Fund (TSX : MID.UN) announces a share repurchase program after receiving approval from the Toronto Stock Exchange. Under the normal course issuer bid, the company will repurchase up to 1,226,409 units, representing 10% of its issued and outstanding share capital. All the repurchased shares will be held in treasury.
The bid will commence on May 25, 2023, and the bid will expire on May 24, 2024. As of May 12, 2023, the company had 12,284,463 units issued and outstanding.
MINT Income Fund (the Fund) is a Canada-based closed-end investment trust. The Fund's investment objectives are to produce a high level of sustainable income and to minimize the risk of investing in high income securities on a cost-effective basis. The Fund invests in a diversified portfolio of securities consisting primarily of high-yielding equity securities of issuers operating in various industries and geographic regions. It invests in various sectors, such as energy, real estate, utilities, financials, healthcare, pipelines, industrials, materials, metals and mining, technology, consumer discretionary, and communication services. The Fund's investment manager is Middlefield Limited. Middlefield Capital Corporation (MCC) is the investment advisor of the Fund.
MINT INCOME FUND 
