(October 25 – 16:15 ET) –
Trimark Financial Corporation
is making a Normal Course Issuer
Bid on the Toronto Stock Exchange.
Trimark may purchase up to
5,842,109 of its common shares,
representing approximately 10% of
its public float. There are
currently 95,485,950 common shares
issued and outstanding.
The purchases may commence on
October 27, 1999, and will
terminate on October 26, 2000, or
on such earlier date as Trimark
may complete its purchases.
Trimark will make no purchases of
common shares other than open-market
purchases. The common shares will
be purchased by Trimark for
cancellation.
From time to time, Trimark said
in a statement, the market price
of its common shares does not fully
reflect the value of its business
and its future business prospects.
As a result, the release stated,
Trimark believes its outstanding
common shares represent an
attractive investment and an
appropriate and desirable use
of its available funds.
-IE Staff
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