Medical Facilities Corporation has announced that the Toronto Stock Exchange approved its notice of intentionto make a normal course issuer bid for up to 283,668 of its outstanding common shares, representing 1 percent of the number of common shares issued and outstanding as of May 8.
The company may purchase the common shares at prevailing market prices from May 15 until May 14, 2013 through the facilities of the Toronto Stock Exchange. Medical Facilities believes that from time to time, the market price of its publicly traded securities may not reflect their underlying value and that the purchase of its securities may represent an appropriate and desirable use of company funds.
The company may purchase the common shares at prevailing market prices from May 15 until May 14, 2013 through the facilities of the Toronto Stock Exchange. Medical Facilities believes that from time to time, the market price of its publicly traded securities may not reflect their underlying value and that the purchase of its securities may represent an appropriate and desirable use of company funds.