- 3iQ has successfully renewed the normal course issuer bid for The Ether Fund (QETH.UN)
- The fund may repurchase up to approximately 10 per cent of the public float by February 28, 2023
- Management believes the buyback program is justified given ETH’s current valuation
- 3iQ is Canada’s largest digital asset investment fund manager with more than C$2.5B in AUM
- The Ether Fund (QETH.UN) closed up by 0.65 per cent trading at $57.68 per share
3iQ has successfully renewed the normal course issuer bid for The Ether Fund (QETH.UN).
The fund may repurchase up to 1,072,590 Class A units, representing approximately 10 per cent of the public float.
It may repurchase up to 214,574 Class A units in any 30-day period.
Purchases must be executed between March 1, 2022, and February 28, 2023, at a price not exceeding the last published net asset value per Class A unit.
Management believes the buyback program is justified given ETH’s current valuation.
As of February 23, 2022, the fund has repurchased 308,300 units under the NCIB at a volume-weighted average price of US$47.95.
3iQ is Canada’s largest digital asset investment fund manager with more than C$2.5B in AUM.
The Ether Fund (QETH.UN) closed up by 0.65 per cent trading at $57.68 per share.
