An anonymous director reports
CANADIAN LARGE CAP LEADERS SPLIT CORP. RECEIVES APPROVAL FOR NORMAL COURSE ISSUER BID
The Toronto Stock Exchange has accepted Canadian Large Cap Leaders Split Corp.'s notice of intention to make a normal course issuer bid (NCIB) to purchase its Class A shares and preferred shares through the facilities of the TSX and alternative trading systems in Canada. The NCIB will commence on June 25, 2026, and terminate on June 24, 2027.
Pursuant to the NCIB, the company proposes to purchase, from time to time, up to 299,869 Class A shares and 300,990 preferred shares of the company, representing 10 per cent of the public float of 2,998,698 Class A shares and 3,009,898 preferred shares. As of June 12, 2026, there were 2,998,698 Class A shares and 3,009,898 preferred shares issued and outstanding. The company will not purchase, in any given 30-day period, in the aggregate, more than 59,973 Class A shares or more than 60,197 preferred shares, being 2 per cent of the issued and outstanding Class A shares and preferred shares as of June 12, 2026.
Under Ninepoint Partners LP's prior NCIB, which commenced on June 9, 2025, and ended on June 8, 2026, Ninepoint Partners obtained approval to purchase up to a total of 211,790 common shares, reflecting a security split that took effect on Feb 6, 2026, and 176,492 preferred shares, of which 185,420, on the postsplit basis, common shares, and zero preferred shares were purchased through the facilities of the TSX at a weighted average price of approximately $13.48, on the postsplit basis, per common share.
Ninepoint, the manager of the company, believes that such purchases are in the best interests of the company and are a desirable use of its funds. All purchases will be made through the facilities noted above and in accordance with the rules and policies of the TSX. All Class A shares or preferred shares purchased by the company pursuant to the NCIB will be cancelled.
About Ninepoint Partners LP
Based in Toronto, Ninepoint Partners is one of Canada's leading alternative investment management firms overseeing approximately $9-billion in assets under management and institutional contracts. Committed to helping investors explore innovative investment solutions that have the potential to enhance returns and manage portfolio risk, Ninepoint offers a diverse set of alternative strategies spanning equities, fixed income, alternative income, real assets, foreign exchange and digital assets.
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