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Morguard Real Estate Investment Trust Announces Normal Course Issuer Bid
Morguard Real Estate Investment Trust Announces Normal Course Issuer Bid Canada NewsWire ...
About this update from Morguard Real Estate Investment Trust
[{"type":"text","content":"\n\n\nMorguard 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\nMISSISSAUGA, ON, Feb. 4, 2026 /CNW/ - Morguard Real Estate Investment Trust (TSX: MRT.UN) (\"Trust\") announced today that the Toronto Stock Exchange has accepted its notice of intention to make a normal course issuer bid through the facilities of the TSX and/or alternative Canadian trading systems.\nThe notice provides that the Trust may, during the twelve month period commencing February 9, 2026 and ending February 8, 2027, purchase for cancellation up to 3,321,655 units (\"Units) in total, being approximately 5% of the outstanding Units.  The daily repurchase restriction for the Units is 2,834. Additionally, the Trust may, during the twelve month period commencing February 9, 2026 and ending February 8, 2027, purchase for cancellation up to $9,800,000 principal amount of the 5.25% Convertible Unsecured Subordinated Debentures due December 31, 2026 (TSX:MRT.DB.A) (\"Debentures\"), being 10% of the public float of outstanding Debentures.  The daily repurchase restriction for the Debentures is $14,053.\nThe price which the Trust will pay for any such Units or Debentures will be the market price at the time of acquisition.  The actual number of Units and Debentures which may be purchased and the timing of any such purchases will be subject to compliance with the TSX guidelines.\nUnder its current normal course issuer bid due to expire February 8, 2026, the Trust was approved to purchase up to 3,214,634 Units and $9,800,000 principal amount of Debentures.  No Units were purchased for cancellation and no Debentures were purchased for cancellation during the last twelve months through the facilities of the TSX and/or alternative Canadian trading systems.  As of January 31, 2026, there were 66,433,117 Units of the Trust outstanding with an average daily trading volume for the prior six months of 11,337. Additionally, as of January 31, 2026 there were $159,000,000 principal amount Debentures of the Trust outs...