Allied Announces Renewal Of Normal Course Issuer Bid

About this update from Allied Properties Real Estate Investment Trust

[{"type":"text","content":"Allied Announces Renewal Of Normal Course Issuer Bid\nTORONTO, Feb. 24, 2026 (GLOBE NEWSWIRE) -- Allied Properties Real Estate Investment Trust (“Allied”) (TSX:AP.UN) today announced that it has received approval from the Toronto Stock Exchange (“TSX”) for a normal course issuer bid (“NCIB”) which will enable it to purchase up to 18,215,302 of its 183,955,983 issued and outstanding units (“Units”) as at February 18, 2026, representing approximately 10% of its public float of 182,153,029 Units as at that date. The primary purpose of the NCIB is to purchase Units to fulfil Allied’s commitments to employees under its restricted unit plan and other employee programs. Allied may also purchase Units for cancellation from time to time, depending on the market price of the Units and other factors. Allied intends to commence the NCIB on February 26, 2026. The NCIB will expire on February 25, 2027, or such earlier date as Allied completes its purchases pursuant to the NCIB. All purchases under the NCIB will be made on the open market through the facilities of the TSX and/or alternate trading systems in Canada at market prices prevailing at the time of purchase. In accordance with TSX rules, any daily repurchases will be limited to a maximum of 213,464 Units, representing 25% of the average daily trading volume of the Units on the TSX for the six months ended January 31, 2026 (being 853,859 Units). Any Units that are repurchased will either be cancelled or delivered to participants under Allied’s restricted unit plan or to employees pursuant to Allied’s employee programs. Under its normal course issuer bid that commenced on February 26, 2025, Allied sought and received approval from the TSX to purchase up to 12,615,599 Units and repurchased 1,062 Units at a weighted average price of $16.86 per Unit. Such purchases were effected through the facilities of the TSX. From time to time, when Allied does not possess material non-public information about itself or its securities, it may enter into a pre-defined plan with its broker to allow for the repurchase of Units at times when Allied ordinarily would not be active in the market due to its own internal trading blackout periods, insider trading rules or otherwise. Any such plans entered into with Allied’s broker...

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