Canfor announces renewal of Normal Course Issuer Bid

Executive Summary

• Canfor Corporation received regulatory approval to renew its normal‑course issuer bid (NCIB) for up to 5,821,442 common shares (~5% of outstanding shares).
• The renewed NCIB runs from 23 Mar 2026 to 22 Mar 2027, with daily purchase limits of 48,204 shares (≈25% of average daily volume).
• All repurchased shares will be held for cancellation, representing a continued return of capital to shareholders.

Key Details

• Renewed Authorization: Up to 5,821,442 common shares may be purchased and cancelled under the new NCIB.
• Previous Activity: Under the prior bid (approved earlier), Canfor repurchased 1,870,062 shares at a VWAP of $13.7318 per share (21 Mar 2025 – 16 Mar 2026). The prior authorized amount was 5,916,775 shares.
• Bid Period: Commences 23 Mar 2026 and expires 22 Mar 2027, unless terminated earlier.
• Purchase Mechanics: Purchases at prevailing market prices via TSX facilities, other designated exchanges, or Canadian alternative trading systems; subject to regulatory compliance.
• Daily Purchase Cap: Maximum of 48,204 shares per day (≈25% of the 192,816 average daily trading volume for the six‑month period ended 27 Feb 2026).
• Automatic Share Purchase Plan: Canfor entered into an automatic share purchase plan with a broker to facilitate repurchases under the renewed NCIB.
• Cancellation Intent: All shares acquired under the bid will be held for cancellation, reducing outstanding share count.

Notable Quotes

(No direct quotes were provided in the release.)