The Online Investor
Stock Buybacks
Contrarian Outlook
Stock Option Ideas
Preferred Stock Newsletter

Slideshow Stock Buybacks

By The Online Investor Staff, updated Thu., May. 25, 12:48 AM

Slide #17. Bloom Select Income Fund

Company: Bloom Select Income Fund (TSE:BLB.UN.CA)
Share Amount Authorized: 217,623
Buyback Details: Bloom Select Income Fund (the "Fund") (TSX:BLB.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 217,623 Units of the Fund, representing approximately 10% of the public float of 2,176,233 Units as of May 15, 2017. The Fund will not purchase in any given 30-day period, in the aggregate, more than 47,268 Units, being 2% of the issued and outstanding Units of 2,363,436 as of May 15, 2017. Purchases of Units under the NCIB may commence on May 24, 2017. Bloom Investment Counsel, Inc., the manager of the Fund, believes that such purchases are in the best interests of the Fund and are a desirable use of the Fund's resources. All purchases will be made through the facilities of the TSX or alternative Canadian trading systems in accordance with their rules and policies. All Units purchased by the Fund pursuant to the NCIB will be cancelled. The NCIB will expire on May 23, 2018.

Bloom Select Income Fund is a closed-end investment trust. Co.'s objectives are to provide unitholders with an investment in an actively managed portfolio comprised mainly of Canadian equity securities that exhibit low volatility at the time of investment, monthly cash distributions that have a large component of Canadian eligible dividends, and the opportunity for capital appreciation. As of Dec 31 2012, Co.'s total assets amounted to C$49,753,656 and the value of Co.'s investment portfolio was C$44,214,391.
Open the BLB.UN.CA Page at The Online Investor »

Company Name:  Bloom Select Income Fund
Sector:  Investment Companies & Venture Capital

Open the BLB.UN.CA Page at The Online Investor (in a new window) »

May 25, 2017    12:48 AM Eastern
Quotes delayed 20 minutes

Stock Buybacks | | Copyright © 1998 - 2017, All Rights Reserved

Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes, powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.