$TNT-UN.TO

Earnings Flash (TNT-UN.TO) True North Commercial REIT AFFO Basic and Diluted Per Unit Fell From $0.57 in Q1-2025 to $0.45 in Q1-2026

True North Commercial REIT Renews Normal Course Issuer Bid

True North Commercial Real Estate Investment Trust (TNT-UN.TO) on Tuesday said the Toronto Stock Exchange (TSX) approved the renewal of its normal course issuer bid.The company may buy back for cancellation, up to a maximum of 1.2-million of its trust units pursuant to the bid. The bid will become effective on Apr. 23, 2026, and cancel on Apr. 22, 2027, or such earlier time as the bid is completed or terminated at the option of the REIT.True North said maximum number of units to be bought back pursuant to the bid represents 10% of the public float, as of Apr. 9, 2026. The REIT had 14.1-million units issued and outstanding as of Apr. 9, 2026.The company also entered into an automatic share purchase plan with CIBC World Markets in order to facilitate repurchases of its units.Shares of the company closed down 1.2% to $8.35 on Monday on the TSX.

True North Commercial REIT Gets TSX Approval for Renewal of Normal Course Issuer Bid