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  • Workplace Technology Dividend Fund (WORK.UN) has received TSX approval to make an NCIB
  • Between November 30, 2022, and November 29, 2023, the fund may purchase up to 634,848 units
  • All units purchased under the bid will be held for resale
  • The fund purchased 495,400 units at an average price of $7.18 per unit under its previous NCIB
  • The Workplace Technology Dividend Fund (WORK.UN) opened trading at C$5.28

Workplace Technology Dividend Fund (WORK.UN) has received TSX approval to make a normal course issuer bid (NCIB).

The NCIB will commence on November 30, 2022, ending on November 29, 2023. 

The fund had 6,486,288 units issued and outstanding as of November 18, 2022. The fund may purchase up to 634,848 units. Monthly purchases are capped at 129,725 units.

All units purchased under the bid will be held in treasury for resale. As of November 21, 2022, the fund had purchased 495,400 units on the TSX at an average price of $7.18 per unit under its previously approved normal course issuer bid. The fund was able to purchase up to 694,000 units under its last NCIB.

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.

The Workplace Technology Dividend Fund (WORK.UN) opened trading at C$5.28.


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