TSX:QETH.UN - Post by User
Post by
rwfreshon May 04, 2021 10:45am
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Post# 33123106
The fund is buying and that is how gap will close
The fund is buying and that is how gap will closeJust noticed this beauty:
https://3iq.ca/the-ether-fund-announces-normal-course-issuer-bid/
3iq had released a statement saying they will buy up to 10% of the fund's available QETH at NAVPU. No brainer.
"
3iQ Corp. is pleased to announce that The Ether Fund (TSX:QETH.U, QETH.UN) (the “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% of the public float of 10,186,100 Class A Units as of February 18, 2021. The Fund may purchase up to 204,345 Class A Units in any 30 day period which is 2% of the 10,217,275 Class A Units issued and outstanding as at February 18, 2021. The Class A Units may be purchased for cancellation from March 1, 2021 to February 28, 2022 through the facilities of the TSX 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 the 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."