Dividend 15 Split's (DFN.TO) on Monday said it received exchange approvals to launch a normal-course issuer bid (NCIB) to buy back and cancel up to 10% of its preferred shares and class A shares.
The NCIB will start on June 3, 2026 and run for 12 months. The company has approval to buy back up to 16.4-million preferred shares and 16.0-million class A shares.
As of May 20, there were 164.4-million Preferred Shares and 160.5-million Class A Shares issued and outstanding.
Shares of the company were last seen down $0.07 to $8.18 on the Toronto Stock Exchange.
Price: $8.18, Change: $-0.07, Percent Change: -0.85%