Northwire Canada EditionFriday, October 16, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8% GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8%
Financings

RioCan Real Estate Investment Trust Announces Renewal of Normal Course Issuer Bid

By The Northwire Desk — AI Analysis Nov 10, 2025 · 08:00 REI · 18.78 None
REI · Price

Executive Summary

  • RioCan Real Estate Investment Trust received TSX approval to commence a normal‑course issuer bid (NCIB) for up to 29,319,995 Units (≈10% of the public float).
  • The bid may start on 12 Nov 2025 and run for up to 12 months, with daily purchase limits of 155,941 Units and one weekly block‑purchase exception.
  • Purchases will be funded from cash and undrawn credit facilities; units bought may be cancelled or used to satisfy the Restricted Equity Unit Plan and Performance Equity Unit Plan.

Key Details

  • Authorized Quantity: Up to 29,319,995 Units (≈10% of 293,199,954 public float as of 31 Oct 2025).
  • Purchase Window: Begins 12 Nov 2025; terminates 11 Nov 2026 or earlier if the full amount is acquired/termination notice given.
  • Daily Maximum: 155,941 Units (25% of average daily volume of 623,766 Units over the prior six months).
  • Weekly Block Purchase: One block purchase per calendar week may exceed the daily limit, subject to RioCan’s discretion and regulatory compliance.
  • Funding Sources: Available cash balances and undrawn credit facilities; no external financing required.
  • Use of Acquired Units: Cancelled upon purchase or allocated to satisfy obligations under the Restricted Equity Unit Plan and Performance Equity Unit Plan.
  • Previous NCIB: Expired 11 Nov 2025; authorized 29,878,867 Units; RioCan purchased 5,559,193 Units at a weighted‑average price of $17.99.
  • Automatic Securities Purchase Plan (ASPP): Implemented immediately; pre‑cleared by TSX; purchases made by designated broker under preset parameters and counted toward NCIB totals.
  • Regulatory Compliance: All acquisitions to be executed via TSX facilities or a Canadian alternative trading system, adhering to applicable securities laws and TSX rules.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

More from None

May 04, 2026 · 17:05

Tagline: RioCan Retail Supercycle Validates Strategy as Q1 Spreads Hit Record High

Earnings Apr 01, 2026 · 17:16

RioCan Real Estate Investment Trust Schedules First Quarter 2026 Earnings Release, Conference Call and Webcast

Earnings Mar 11, 2026 · 19:42

RioCan completes $200-million debenture issuance

Financings Mar 11, 2026 · 08:26

RioCan Real Estate Investment Trust Completes $200 Million Issuance of Series AQ Senior Unsecured Debentures

Financings Feb 26, 2026 · 05:16

RioCan arranges $200-million debenture offering

Financings Feb 25, 2026 · 20:10

RioCan Real Estate Investment Trust Announces Offering of $200 Million of Series AQ Senior Unsecured Debentures

Financings