Flaherty & Crumrine Investment Grade Fixed Income Fund (TSX:FFI.UN) announces a share repurchase program. Under the bid, the fund will repurchase up to 639,100 units, representing 9.99% of its issued share capital. The shares will be repurchased at a price per unit not exceeding the last published net asset value per unit.

The repurchased units will be cancelled. The bid will commence on December 31, 2019 and will end on December 30, 2020. As of December 11, 2019 the fund had 6,399,496 units in issue and outstanding.