Global Healthcare to buy back up to 518,000 units
GLOBAL HEALTHCARE Income & Growth Fund has renewed its normal course issuer bid to purchase up to 518,100 units of the fund representing approximately 10 per cent of the public float of 5,181,132 units. The fund may purchase up to 103,622 units in any 30 day period which is 2 per cent of the 5,181,132 issued and outstanding units at Oct. 4, 2017.
As of Oct. 4, 2017, the fund had purchased 155,500 units of the 601,900 units approved under its current bid at an average price of $8.87 per unit.
The units may be purchased for cancellation from Oct. 17, 2017, to Oct. 16, 2018, through the facilities of the Toronto Stock Exchange or other alternative Canadian trading system and may only be purchased at a price per unit not exceeding the last published net asset value per unit. The fund believes that such purchases are in its best interests and are a desirable use of its available funds. About Brompton Funds Brompton Funds, a division of Brompton Group which was founded in 2000, is an experienced investment fund manager with approximately $2-billion in assets under management. Brompton’s investment solutions include TSX traded funds, mutual funds and flow-through limited partnerships.
You will usually pay brokerage fees to your dealer if you purchase or sell units of the fund on the TSX or other alternative Canadian trading system (an “exchange”). If the units are purchased or sold on an exchange, investors may pay more than the current net asset value when buying units of the fund and may receive less than the current net asset value when selling them.
There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
We seek Safe Harbor.
Mark Anthony Caranci, Christopher S Ludwig Hoffmann, Craig Tomio Kikuchi, Raymond Russell Pether
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