Blue Ribbon Income Fund
TSX : RBN.UN

Blue Ribbon Income Fund

November 30, 2010 11:17 ET

Blue Ribbon Income Fund Renews Normal Course Issuer Bid

TORONTO, ONTARIO--(Marketwire - Nov. 30, 2010) - Blue Ribbon Income Fund (TSX:RBN.UN) has renewed its normal course issuer bid to purchase up to 3,183,000 units of the Fund representing approximately 10% of the public float of 31,830,948 units. The Fund may purchase up to 638,619 units in any 30 day period which is 2% of the 31,930,948 issued and outstanding units at November 24, 2010. 

As of November 24, 2010, the Fund had purchased 988,300 units under its current bid at an average price of $9.61 per unit.

The units may be purchased for cancellation from December 2, 2010 to December 1, 2011 through the facilities of the TSX or other eligible alternative market and may only be purchased at a price per unit not exceeding the last published net asset value per unit. The Administrator of the Fund believes that such purchases are in the best interest of the Fund and are a desirable use of its available funds.

Further information on the Fund is available at www.bromptongroup.com.

Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the fund's publicly filed documents which are available from SEDAR at www.sedar.com. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

Contact Information

  • Brompton Funds Management Limited
    Chris Cullen
    Senior Vice President
    (416) 642-9064