Normal Course Issuer BidCAR.UN had their request for an NCIB accepted by the TSX in March, so hopefully they are / will take advantage of it when appropriate.
Excerpt from the press release:
CAPREIT Announces Normal Course Issuer Bid
TORONTO, March 21, 2022 /CNW/
Canadian Apartment Properties Real Estate Investment Trust ("CAPREIT") (TSX: CAR) today announced that the Toronto Stock Exchange (the "TSX") has accepted its notice of intention to proceed with a normal course issuer bid.
CAPREIT's Board of Trustees believes that a normal course issuer bid represents an appropriate and desirable use of its available liquidity to increase unitholder value and is in the best interest of CAPREIT and its unitholders.
As at December 31, 2021, CAPREIT had approximately $457.9 million of liquidity, representing cash and cash equivalents on hand and available liquidity on CAPREIT's Acquisition and Operating Facility.
Pursuant to the notice, CAPREIT may purchase up to 17,067,144 of its units (the "Units"), representing approximately 10% of the public float of 170,671,440 Units, during the twelve month period commencing March 24, 2022 and ending March 23, 2023............