Bloom Income & Growth Canadian Fund
TSX : BI.UN

Bloom Income & Growth Canadian Fund

January 12, 2015 08:46 ET

Bloom Income & Growth Canadian Fund Announces Normal Course Issuer Bid for Units

TORONTO, ONTARIO--(Marketwired - Jan. 12, 2015) - Bloom Income & Growth Canadian Fund (the "Fund") (TSX:BI.UN) announced today acceptance by the Toronto Stock Exchange (the "TSX") of the Fund's Notice of Intention to make a Normal Course Issuer Bid (the "NCIB").

Pursuant to the NCIB, the Fund proposes to purchase through the facilities of the TSX, from time to time, if it is considered advisable, up to 213,720 Units of the Fund, representing approximately 10% of the public float of 2,137,205 Units as of January 6, 2015. The Fund will not purchase in any given 30-day period, in the aggregate, more than 44,972 Units, being 2% of the issued and outstanding Units of 2,248,605 as of January 6, 2015. Purchases of Units under the NCIB may commence on January 14, 2015. Bloom Investment Counsel, Inc., the manager of the Fund, believes that such purchases are in the best interests of the Fund and are a desirable use of the Fund's resources. All purchases will be made through the facilities of the TSX in accordance with its rules and policies. All Units purchased by the Fund pursuant to the NCIB will be cancelled. The NCIB will expire on January 13, 2016.

On January 10, 2014, the Fund announced that it was making a Normal Course Issuer Bid, which commenced January 14, 2014, to purchase up to 288,844 units through the facilities of the TSX. The Fund repurchased 75,000 Units at a weighted average price of $9.0176 per unit under the bid, which expires on January 13, 2015.

Contact Information

  • Bloom Income & Growth Canadian Fund
    Investor Relations
    416-861-9941 or 1-855-BLOOM18
    www.bloomfunds.ca