GO RESIDENTIAL REAL ESTATE INVESTMENT TRUST ANNOUNCES NORMAL COURSE ISSUER BID

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[{"type":"text","content":"\n\n\nGO RESIDENTIAL REAL ESTATE INVESTMENT TRUST ANNOUNCES NORMAL COURSE ISSUER BID\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\nCanada NewsWire\n\n\nTORONTO, Jan. 7, 2026 /CNW/ - GO Residential Real Estate Investment Trust (the \"REIT\") (TSX: GO.U) announced today that it has received acceptance from the Toronto Stock Exchange (\"TSX\") of the REIT's notice of intention to commence a normal course issuer bid (\"NCIB\"). Under the NCIB, the REIT will have the ability to purchase for cancellation up to a maximum of 2,643,960 of its trust units (\"Units\") on the open market, representing 10% of the \"public float\" (calculated in accordance with TSX rules) as of December 31, 2025. As of December 31, 2025, the number of issued and outstanding Units was 33,396,667.\nThe NCIB will commence on January 9, 2026 and remain in effect until the earlier of January 8, 2027 and the date on which the REIT has purchased the maximum number of Units permitted under the NCIB. Purchases of Units under the NCIB will be made in accordance with TSX rules and policies through the facilities of the TSX, or through Canadian alternative trading systems. The price paid for any repurchased Units will be the market price of such Units at the time of acquisition. The average daily trading volume of the Units from the start of trading on July 31, 2025 through December 31, 2025, was 82,449 Units and accordingly daily purchases will be limited to 20,612 Units other than purchases made in accordance with the TSX's block purchase exception.\nThe REIT continues to believe that, from time to time, the market price of the Units may not fully reflect the intrinsic value of the Units and that, in such circumstances, using the NCIB to return capital to its unitholders who choose to participate is a desirable use of the REIT's funds and may benefit those unitholders who continue to hold Units by increasing their equity interest in the REIT. To the REIT's knowledge, after reasonable inquiry, none of the trustees, officers or other insiders of the REIT or any associate of any such persons, or any asso...

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