Bloom U.S. Income & Growth Fund
TSX : BUA.UN

Bloom U.S. Income & Growth Fund

June 25, 2013 10:21 ET

Bloom U.S. Income & Growth Fund Announces Normal Course Issuer Bid for Units

TORONTO, ONTARIO--(Marketwired - June 25, 2013) - Bloom U.S. Income & Growth Fund (the "Fund") (TSX:BUA.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 361,271 Class A Units of the Fund, representing approximately 10% of the public float of 3,612,710 Class A Units as of June 19, 2013. The Fund will not purchase in any given 30-day period, in the aggregate, more than 74,294 Units, being 2% of the issued and outstanding Units of 3,714,710 as of June 19, 2013. Purchases of Units under the NCIB may commence on June 27, 2013. 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 June 26, 2014.

Contact Information