Mulvihill Premium Global Telecom Fund Announces Normal Course Issuer Bid.TORONTO Toronto (tərŏn`tō), city (1998 est pop. 2,400,000), provincial capital, S Ont., Canada, on Lake Ontario. Toronto is the largest city in Canada and since the 1970s has been one of the fastest-changing cities in North America, experiencing -- Mulvihill Premium Global Telecom (The "Fund")(TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :GT.A)(TSX:GT.PR.A) announced today that the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. has accepted the Fund's Notice of Intention to make a normal course issuer bid. The Fund will have the right to purchase under the bid up to a maximum of 286,145 Class A Shares and up to a maximum of 286,145 Preferred Shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. representing approximately 10% of the Fund's public float commencing November November: see month. 3, 2005. As at October 28, 2005 there were 2,862,458 Class A Shares and 2,862,458 Preferred Shares of the Fund issued and outstanding. Purchases made pursuant to the normal course issuer bid will be made in the open market through the facilities of the Toronto Stock Exchange. The normal course issuer bid will remain in effect until the earlier of November 2, 2006, the termination of the bid by the Fund or the Fund purchasing the maximum number of Units permitted under the bid. Class A Shares and Preferred Shares purchased by the Fund pursuant to the issuer bid will be cancelled. The Fund did not purchase any shares under its previous normal course issuer bid. Directors of the Fund believe that Units of the Fund may become available during the proposed purchase period at prices which would make such purchases in the best interests of the Fund. The Fund's investment portfolio is managed by its investment manager, Mulvihill Capital Management Inc. The Fund's Preferred and Class A shares are listed on The Toronto Stock Exchange under the symbols GT.PR.A and GT.A. A member of the Mulvihill Capital Management Inc. Group of Funds group of funds See family of funds. Mulvihill Premium Global Telecom (TSX:GT.A) (TSX:GT.PR.A) |
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