JFT Strategies Fund Announces Normal Course Issuer Bid For Units
June 28 2012 - 11:00AM
Marketwired
JFT Strategies Fund (the "Fund") (TSX:JFS.UN) announced today
acceptance by the Toronto Stock Exchange (the "TSX") of the Fund's
Notice of Intention to make a Normal Course Issuer Bid (the
"NCIB").
Pursuant to the NCIB, the Fund proposes to purchase through the
facilities of the TSX, from time to time, if it is considered
advisable, up to 912,415 Class A Units of the Fund, representing
approximately 10% of the public float which is the same number as
the Fund's issued and outstanding Class A Units, being 9,124,156
Class A Units as of the close of business of June 26, 2012. The
Fund will not purchase in any given 30-day period, in the
aggregate, more than 182,483 Class A Units, representing
approximately 2% of the issued and outstanding Class A Units as of
the close of business of June 26, 2012. Purchases of Class A Units
under the NCIB may commence on July 3, 2012. The Fund believes that
such purchases are in the best interests of the Fund and are a
desirable use of the Fund's funds. All purchases will be made
through the facilities of the TSX in accordance with its rules and
policies. All Class A Units purchased by the Fund pursuant to the
NCIB will be cancelled. The NCIB will expire on July 2, 2013.
Contacts: First Asset Rob MacNiven Investor Relations
416-642-1289 or 1-877-642-1289 www.firstasset.com
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