Limited Duration Investment Grade Preferred Securities Fund Receives Approval for Normal Course Issuer Bid on Class U Units

Limited Duration Investment Grade Preferred Securities Fund (the “Fund”) (TSX: PFD.U) has received approval for a normal course issuer bid to purchase up to 16,043 Class U Units (the “Units”) of the Fund, representing approximately 10% of the public float of 160,438 Units. The Fund may purchase up to 3,208 Units in any 30 day period which is 2% of the 160,438 issued and outstanding Units as at August 19, 2016.

The Units may be purchased for cancellation from September 2, 2016 to September 1, 2017 through the facilities of the Toronto Stock Exchange or Canadian alternative trading systems and may only be purchased at a price per Unit not exceeding the last published net asset value per Unit. Purpose Investments Inc., 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.
On August 28, 2015, the Company announced that it was making a normal course issuer bid, which commenced September 2, 2015, to purchase up to 20,837 Class U Units through the facilities of the TSX or Canadian alternative trading systems. The Company repurchased 5,600 Class U Units at a weighted average price of US$22.41 per unit under the bid, which expires on September 1, 2016.

Purpose Investments Inc. is a Canadian asset management firm committed to enabling all investors to have access to great investment products at reasonable fees. The Class U Units of the Fund are listed for trading on the Toronto Stock Exchange under the symbol PFD.U.

Return to Post Listing

Fields marked with an * are requiredLES CHAMPS MARQUÉS D'UN * SONT OBLIGATOIRES
Fields marked with an * are requiredLES CHAMPS MARQUÉS D'UN * SONT OBLIGATOIRES

ENTER THE WORD "ANTISPAM" INTO THIS BOX
(WITHOUT THE QUOTATION MARKS)