Choice Properties Real Estate Investment Trust Announces Normal Course Issuer Bid

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[{"type":"text","content":"Choice Properties Real Estate Investment Trust Announces Normal Course Issuer Bid\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n \n\n\n\n\n (TSX: CHP.UN)\n \n – Choice Properties Real Estate Investment Trust (“Choice Properties” or the “Trust”) announced today that the Toronto Stock Exchange (“TSX”) has accepted a notice filed by Choice Properties of its intention to make a normal course issuer bid (“NCIB”).\n \n\n The TSX notice provides that Choice Properties may, during the 12-month period commencing November 21, 2025 and terminating November 20, 2026, purchase up to 27,436,700 of Choice Properties trust units (“Units”), representing approximately 10% of the public float of the Units, by way of a NCIB over the facilities of the TSX or through alternative trading systems or by such other means as may be permitted under applicable law. As of November 7, 2025, Choice Properties had 328,024,272 outstanding Units. Based on the average daily trading volume of 423,047 Units during the last six months, daily purchases will be limited to 105,761 Units, other than block purchase exceptions.\n \n\n Purchases of Units will be made in open market transactions over the facilities of the TSX or through alternative trading systems. In addition, Choice Properties may enter into forward purchase or swap contracts in connection with Units which may be settled by physical settlement, cash settlement or a combination thereof. The forward price will be based on market price, dividend yield and market interest rates. Choice Properties may also purchase Units through private agreements or unit repurchase programs if it receives an issuer bid exemption order permitting it to make such purchases. Any purchases of Units made by way of private agreements or under unit repurchase programs may be at a discount to the prevailing market price as provided in the relevant issuer bid exemption order.\n \n\n Decisions regarding the timing of future purchases of Units will be based on market conditions, Unit price and other factors. Choice Properties may elect to suspend or discontinue its NCIB at any time. Units purchased under the NCIB will be cancelled or used in connection with the Trust’s equity settled incentive plans. Choice Properties believes that ...

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