MINT Income Fund (TSX:MID.UN) announces an Equity Buyback for 1,960,323 shares representing 9.96% of its issued capital.
May 21, 2019 at 05:00 am
Share
MINT Income Fund (TSX:MID.UN) announces a share repurchase program. Under the bid, the company will repurchase up to 1,960,323 units, representing 9.96% of the outstanding units. MINT will hold in treasury for resale all units purchased pursuant to the bid. The company has received approval from Toronto Stock Exchange to commence the bid. The plan will be valid from May 25, 2019 till May 24, 2020. As of May 11, 2018, the fund had 19,690,465 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 
