|By Marketwired .||
|May 20, 2014 10:50 AM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 05/20/14 -- Bloom Select Income Fund (the "Fund") (TSX: BLB.UN) announced today acceptance by the Toronto Stock Exchange (the "TSX") of the Fund's Notice of Intention to make a Normal Course Issuer Bid (the "NCIB").
Pursuant to the NCIB, the Fund proposes to purchase through the facilities of the TSX, from time to time, if it is considered advisable, up to 371,326 Units of the Fund, representing approximately 10% of the public float of 3,713,268 Units as of May 14, 2014. The Fund will not purchase in any given 30-day period, in the aggregate, more than 76,458 Units, being 2% of the issued and outstanding Units of 3,822,921 as of May 14, 2014. Purchases of Units under the NCIB may commence on May 22, 2014. Bloom Investment Counsel, Inc., the manager of the Fund, believes that such purchases are in the best interests of the Fund and are a desirable use of the Fund's resources. All purchases will be made through the facilities of the TSX in accordance with its rules and policies. All Units purchased by the Fund pursuant to the NCIB will be cancelled. The NCIB will expire on May 21, 2015.
On May 10, 2013, the Fund announced that it was making a Normal Course Issuer Bid, which commenced May 14, 2013, to purchase up to 516,641 units through the facilities of the TSX. The Fund repurchased 149,000 Units at a weighted average price of $9.13 per unit under the bid, which expired on May 13, 2014.
Since the Fund's inception in April 2012, the Fund has paid cash distributions of $1.02 per unit. Unitholders are reminded that the Fund has a Dividend Reinvestment Plan (DRIP) providing unitholders with the ability to automatically reinvest their distributions and benefit from the compound growth from this reinvestment. Please contact your Investment Advisor or financial institution to enrol in this DRIP.
416-861-9941 or 1-855-BLOOM18
Aug. 30, 2016 12:00 AM EDT Reads: 1,662
Aug. 29, 2016 10:15 PM EDT Reads: 287
Aug. 29, 2016 10:00 PM EDT Reads: 2,485
Aug. 29, 2016 08:30 PM EDT Reads: 2,440
Aug. 29, 2016 08:15 PM EDT Reads: 1,869
Aug. 29, 2016 08:00 PM EDT Reads: 913
Aug. 29, 2016 07:00 PM EDT Reads: 1,980
Aug. 29, 2016 06:45 PM EDT Reads: 839
Aug. 29, 2016 06:15 PM EDT Reads: 796
Aug. 29, 2016 06:15 PM EDT Reads: 331
Aug. 29, 2016 04:30 PM EDT Reads: 3,567
Aug. 29, 2016 02:15 PM EDT Reads: 3,745
As the world moves toward more DevOps and Microservices, application deployment to the cloud ought to become a lot simpler. The Microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. Serverless computing is revolutionizing computing. In his session at 19th Cloud Expo, Raghav...
Aug. 29, 2016 02:00 PM EDT Reads: 1,007
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Aug. 29, 2016 12:45 PM EDT Reads: 2,029
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
Aug. 29, 2016 12:15 PM EDT Reads: 845