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BOARDWALK REIT ANNOUNCES AUTOMATIC TRUST UNIT PURCHASE PLAN IN CONNECTION WITH NORMAL COURSE ISSUER BID
BOARDWALK REIT ANNOUNCES AUTOMATIC TRUST UNIT PURCHASE PLAN IN CONNECTION WITH NORMAL COURSE ISSU...
About this update from Boardwalk Real Estate Investment Trust
[{"type":"text","content":"\n\n\n\n Sep. 30, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\nCALGARY, Sept. 30 /CNW/ - Boardwalk Real Estate Investment Trust ("BEI.UN" - TSX)\nBoardwalk Real Estate Investment Trust ("Boardwalk REIT" or the "Trust") announced today that it has entered into an automatic trust unit purchase plan with a broker in order to facilitate repurchases of its trust units under its previously announced normal course issuer bid.\nOn August 18, 2010, Boardwalk REIT announced that it had received approval from the Toronto Stock Exchange (TSX) to make a normal course issuer bid to purchase up to a maximum of 3,918,286 trust units representing approximately 10% of the publicly listed float. The normal course issuer bid commenced on August 24, 2010 and will terminate on August 23, 2011, or such earlier date as the Trust may complete repurchases under the bid.\nUnder the Trust's automatic trust unit purchase plan, the Trust's broker may repurchase trust units under the normal course issuer bid at times when the Trust would ordinarily not be permitted to due to self-imposed blackout periods.\nBoardwalk REIT anticipates renewing the plan from time to time during the course of its normal course issuer bid to enable purchases of its trust units to be made during internal blackout periods. Purchases will be made by the Trust's broker based upon the parameters prescribed by the TSX and applicable Canadian securities laws and the terms of the parties written agreement. ...