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By The Online Investor Staff, updated Thu., May. 25, 12:49 AM

Slide #5. MINT Income Fund

Company: MINT Income Fund (TSE:MID.UN.CA)
Share Amount Authorized: 2,849,753
Buyback Details: MINT Income Fund announced that it has filed a notice with the Toronto Stock Exchange (the "TSX") and received its approval to make a normal course issuer bid ("NCIB") for its units through the facilities of the TSX. This NCIB will commence on May 25, 2017 and will terminate on May 24, 2018. In accordance with the Declaration of Trust by which the Fund is governed, market purchases pursuant to its NCIB may be effected by the Fund. The Fund had 28,505,733 units issued and outstanding as at May 15, 2017. The Fund may, during the 12 month period commencing May 25, 2017 purchase on the TSX up to 2,849,753 units, being 10% of the public float and may not, in any 30 day period, purchase more than 570,114 units, being 2% of the units issued and outstanding. The Fund will hold in treasury for resale all units purchased pursuant to the bid. As at May 15, 2017 the Fund had purchased 207,300 units at an average price of $6.96 per unit under its previously approved normal course issuer bid. The manager of the Fund believes that such purchases are in the best interest of the Fund and are a desirable use of its available funds.

MINT Income is a closed-end investment trust company. The Fund's investment objectives are (i) to produce a high level of sustainable income and (ii) to minimize the risk of investing in high income securities on a cost effective basis. The Fund invests in a diversified portfolio of securities consisting primarily of units of business trusts, supplemented by oil and gas royalty trusts, real estate investment trusts and power and pipeline trusts. As of Dec 31 2010, Co. had total assets of C$194,653,189 and total investment of C$191,368,483.
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Company Name:  MINT Income Fund
Website:  www.middlefield.com
Sector:  Investment Companies & Venture Capital
 

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May 25, 2017    12:49 AM Eastern
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