Freehold Royalties Announces TSX Approval for Normal Course Issuer Bid

Core Viewpoint - Freehold Royalties Ltd. has announced the commencement of a normal course issuer bid (NCIB) to repurchase up to 13,699,733 common shares, representing approximately 10% of its issued and outstanding shares, to enhance shareholder value [1][2][4]. Group 1: NCIB Details - The NCIB is set to begin on May 27, 2025, and will end on the earlier of the completion of the share repurchase or May 26, 2026 [3]. - Freehold may purchase shares at a daily limit of 185,656 shares, which is 25% of the average daily trading volume of 742,626 shares over the past six months [2]. - The shares repurchased under the NCIB will be cancelled upon purchase [2]. Group 2: Rationale for Share Repurchase - The company believes that the current share price does not reflect its underlying value, and repurchasing shares will enhance per share metrics and increase overall shareholder value [4]. - An automatic securities purchase plan has been established to facilitate share repurchases during regulatory restrictions or blackout periods [5]. Group 3: Purchase Execution - Purchases will be executed by a registered broker through the TSX and other Canadian trading platforms at prevailing market prices [3]. - The actual number of shares purchased and the timing will be determined by the company [4].