Precious Metals Bullion Trust
TSX : PBU.UN

Precious Metals Bullion Trust

September 29, 2010 11:54 ET

Precious Metals Bullion Trust Receives Approval for Normal Course Issuer Bid

TORONTO, ONTARIO--(Marketwire - Sept. 29, 2010) - Precious Metals Bullion Trust (TSX:PBU.UN) has renewed its normal course issuer bid to purchase up to 478,700 units of the Fund representing approximately 10% of the public float of 4,787,909 units. The Fund may purchase up to 95,984 units in any 30 day period which is 2% of the 4,799,209 issued and outstanding units at September 27, 2010. 

As of September 27, 2010, the Fund had purchased 81,000 units under its previous bid at an average price of $12.06 per unit.

The units may be purchased for cancellation from October 1, 2010 to September 30, 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 Manager of the Fund believes that such purchases are in the best interest of the Fund and are a desirable use of its available funds.

For additional information concerning the Fund, please call our investor relations line at 416-642-9051 (toll-free at 1-866-642-6001) or visit our website 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