CAPREIT Announces Renewal of Normal Course Issuer Bid
TORONTO, March 20, 2024 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX: CAR.UN) today announced that the Toronto Stock Exchange (the “TSX”) has accepted CAPREIT’s notice of intention to renew its normal course issuer bid (“NCIB”) for its trust units (“Units”).
- TORONTO, March 20, 2024 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX: CAR.UN) today announced that the Toronto Stock Exchange (the “TSX”) has accepted CAPREIT’s notice of intention to renew its normal course issuer bid (“NCIB”) for its trust units (“Units”).
- Although CAPREIT intends to purchase Units under its NCIB, there can be no assurance that any such purchases will be made.
- CAPREIT will enter into an automatic purchase plan during the term of the NCIB.
- The automatic purchase plan will allow for purchases by CAPREIT’s broker of Units during certain pre-determined blackout periods.