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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Scott Mc who wrote (4688)	11/4/2002 7:09:46 PM
From: bill	Read Replies (1) \| Respond to of 11633

What do you all make of this? Good, bad or ugly? What is the significance of them not being able to buy back the units unless they are over NAV? I thought the idea of a buy back was to support the stock price and, therefore, they would have been buying on the lows. This stock, since it came out, has had a hard time staying above its issue price. rompton VIP to buy back units Brompton VIP Income Trust VIP Shares issued 9,902,545 Nov 4 close $9.97 Mon 4 Nov 2002 News Release Mr. Don Lillie reports BROMPTON VIP INCOME TRUST ANNOUNCES NORMAL COURSE ISSUER BID As previously announced, and in accordance with the terms of the initial public offering, Brompton VIP Income Trust intends to make a normal course issuer bid through the facilities of the Toronto Stock Exchange to purchase up to 926,000 units of VIP representing 10 per cent of the public float. VIP had 9,902,545 trust units issued and outstanding as at Oct. 31, 2002. The trust units may be purchased for cancellation commencing on Nov. 6, 2002, through to Nov. 5, 2003, through the facilities of the TSX and may only be purchased when the net asset value per trust unit exceeds its trading price. In such a situation, purchases will be accretive to unitholders.