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CHEMTRADE LOGISTICS INCOME FUND ANNOUNCES TSX ACCEPTANCE OF NORMAL COURSE ISSUER BID
CHEMTRADE LOGISTICS INCOME FUND ANNOUNCES TSX ACCEPTANCE OF NORMAL COURSE ISSUER BID Ca...
About this update from Chemtrade Logistics Income Fund
[{"type":"text","content":"\n\n\n\n CHEMTRADE LOGISTICS INCOME FUND ANNOUNCES TSX ACCEPTANCE OF NORMAL COURSE ISSUER BID\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n Aug. 15, 2025\n \n\n /CNW/ - Chemtrade Logistics Income Fund (TSX: CHE.UN) (\"Chemtrade\" or the \"Fund\") today announced that the Toronto Stock Exchange (\"TSX\") has accepted its notice of intention to commence a new normal course issuer bid (\"NCIB\").\n \n\n Under the NCIB, Chemtrade is authorized to purchase up to 11,231,131 of its units (out of the 112,906,332 units outstanding as of\n \n August 13, 2025\n \n ) representing approximately 10% of Chemtrade's public float (being 112,311,315 units) as of\n \n August 13, 2025\n \n . The NCIB commences on\n \n August 19, 2025\n \n and will terminate on\n \n August 18, 2026\n \n or such earlier date that Chemtrade completes purchases.\n \n\n Purchases of units will be effected through the facilities of the TSX and/or alternative Canadian trading systems and will be made by means of open market transactions, or such other means as may be permitted by the TSX, including block purchases of units. Daily purchases on the TSX will be limited to a maximum of 53,231 units, representing 25% of the average daily trading volume on the TSX for the six months ended\n \n July 31, 2025\n \n (being 212,925 units), except where purchases are made in accordance with the block purchase exception of the TSX rules. All units purchased by Chemtrade under the NCIB will be cancelled.\n \n\n The price that Chemtrade will pay for any units acquired by it will be the market price of the units on the TSX and/or alternative Canadian trading systems at the time of acquisition or such other price as may be permitted by the TSX.\n \n\n Chemtrade may from time to time determine as part of its capital allocation strategy that buying back units is an appropriate use of funds. In deciding to renew the NCIB, the Board of Trustees of Chemtrade believes that from time to time the units trade in a price range that does not adequately re...