Fred Pye of 3iQ reports
THE ETHER FUND ANNOUNCES NORMAL COURSE ISSUER BID
The Ether Fund has filed a notice of intention to make a normal course issuer bid to purchase up to 1,018,610 Class A units, representing approximately 10 per cent of the public float of 10,186,100 Class A units as of Feb. 18, 2021. The fund may purchase up to 204,345 Class A units in any 30-day period, which is 2 per cent of the 10,217,275 Class A units issued and outstanding as at Feb. 18, 2021.
The Class A units may be purchased for cancellation from March 1, 2021, to Feb. 28, 2022, through the facilities of the Toronto Stock Exchange and/or alternative Canadian trading systems at a price per Class A unit not exceeding the last published net asset value per Class A unit. The directors of 3iQ Corp., the manager of the fund, believe that such purchases are in the best interest of the fund and are a desirable use of its available funds. The fund has not purchased any Class A units during the previous year pursuant to any issuer bid.
We seek Safe Harbor.
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