M2 EQUITYBITES-May 11, 2018-CP announces 15.5% higher dividend of USD0.65 per share for quarter and completes normal course issuer bid
The TSX limits annual normal course issuer bid
purchases to the greater of 5% of the issuer's outstanding common shares or 10% of the issuer's public float.
As approved by the TSX, WestJet is now authorised to purchase up to 6,616,543 Shares under the normal course issuer bid
, representing 5% of WestJet's currently issued and outstanding shares.
Bank of Montreal announced its intention, subject to the approval of the Office of the Superintendent of Financial Institutions Canada and the Toronto Stock Exchange, to purchase for cancellation up to 15M of its common shares under a normal course issuer bid
, or NCIB.
Finally, the bank's current normal course issuer bid
for the purchase of up to 20m common shares began on 1 June 2018 and will expire on 31 May 2019.
Chesswood previously sought and received approval from the TSX to purchase up to 1,043,895 of its outstanding Common Shares in connection with its previous normal course issuer bid
, which expires on August 24, 2019.
Brookfield Properties Corporation announced that the Toronto Stock Exchange accepted a notice of its intention to renew its normal course issuer bid
for a one-year period.
The company has renewed its normal course issuer bid
to buy back at market price up to 1,390,000 common shares, representing around 5 percent of the issued and outstanding common shares.
The common shares purchased under this agreement will be counted towards the 20 million common shares that BCE is entitled to repurchase for cancellation under its normal course issuer bid
, announced on 17 December 2009.