MBN Corporation commences a share repurchase program. Under the bid, the company will repurchase up to 306,023 shares, representing 10% of its public float and 7.61% of its issued and outstanding shares. The shares will be purchased through the facilities of the TSX. The company will cancel all equity shares purchased pursuant to the bid. The company, may not, in any 30 day period, purchase more than 80,451 equity shares, being 2% of the equity shares issued and outstanding. The manager of the Fund believes that such purchases are in the best interest of the Fund and are a desirable use of its available funds. The bid will commence from September 23, 2016, and will continue for a period of 12 months, until September 22, 2017. As of September 9, 2016, the company had 4,022,551 equity shares issued and outstanding.