TORONTO, Jan. 10, 2025 (GLOBE NEWSWIRE) — Northfield Capital Corporation (TSX-V: NFD.A) (“Northfield”) announced today its intention to effect a normal course issuer bid through the facilities of the TSX Venture Exchange. Northfield may, during the 12-month period commencing January 15, 2025 and ending January 14, 2026, purchase on the TSX Venture Exchange up to […]
Northfield Capital, a value-oriented investment firm, announces its intention to buy back up to 5% of its outstanding Class A restricted voting shares through a "normal course issuer bid" over the next year. They believe these shares are undervalued by the current market price and that repurchasing them is a sound use of their funds.
Essentially, Northfield wants to buy back its own shares because they think they're worth more than the market currently reflects.
Northfield Capital, a value-oriented investment firm, announces its intention to buy back up to 5% of its outstanding Class A restricted voting shares through a "normal course issuer bid" over the next year. They believe these shares are undervalued by the current market price and that repurchasing them is a sound use of their funds. Essentially, Northfield wants to buy back its own shares because they think they're worth more than the market currently reflects.
