The Toronto Stock Exchange accepted Medical Facilities Corporation's normal course issuer bid to repurchase up to 621,144 common shares.
What you should know:
1. The outstanding shares are 2 percent of MFC's total number of outstanding shares.
2. The company issued a buyback period from May 16, 2019, to May 15, 2020.
3. MFC will buy back the shares at market value.
4. MFC did not repurchase any shares under its last normal course issuer bid, which expires May 15.