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or Name
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Killam Properties Inc (2)
Symbol KMP
Shares Issued 62,219,594
Close 2015-07-27 C$ 9.91
Market Cap C$ 616,596,177
Recent Sedar Documents

Killam Properties to buy back up to 1.5 million shares

2015-07-28 08:22 ET - News Release

Mr. Dale Noseworthy reports

KILLAM ANNOUNCES NORMAL COURSE ISSUER BID

The Toronto Stock Exchange has accepted Killam Properties Inc.'s notice of intention to make a normal course issuer bid for its common shares. Killam believes that the market price of its common shares may not, from time to time, accurately reflect their underlying value, making the common shares an attractive investment and an advantageous use of Killam's funds. Killam expects that the purchase of common shares will benefit the remaining shareholders of Killam by increasing their equity interest in Killam's assets.

On July 16, 2015, there were 62,280,788 common shares outstanding. Under the normal course issuer bid, Killam may acquire up to 1.5 million common shares, which is 2.4 per cent of the common shares outstanding. Except as permitted under the TSX rules, Killam will not purchase on any given trading day more than 23,698 common shares, being approximately 25 per cent of the average daily trading volume of the common shares on the TSX for the previous six calendar months of 94,793 common shares. All purchases of common shares will be made through the facilities of the TSX at the market price of the shares at the time of acquisition. Any shares acquired will be cancelled.

The normal course issuer bid will commence on July 30, 2015, and will terminate on July 29, 2016.

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