Core Viewpoint - Melcor Developments Ltd. has announced its intention to initiate a normal course issuer bid (NCIB) to repurchase up to 1,511,087 common shares, representing approximately 5% of its issued and outstanding shares, over a twelve-month period starting June 10, 2025 [1][2]. Group 1: Normal Course Issuer Bid Details - The NCIB will allow Melcor to purchase common shares for cancellation at the market price at the time of acquisition, subject to TSX guidelines [3]. - The previous NCIB resulted in the purchase of 344,248 common shares at a weighted average price of $12.5877, with a total of 1,525,527 shares approved for repurchase [4]. - As of May 31, 2025, Melcor had 30,221,745 common shares outstanding and an average daily trading volume of 5,867 shares [4]. Group 2: Rationale for Share Repurchase - Melcor believes that its common shares sometimes trade at a price that does not reflect their true value relative to the company's business and future prospects, making the shares an attractive investment for the company [5]. - The repurchase of shares is expected to benefit existing shareholders by increasing their equity interest in Melcor [5]. Group 3: Automatic Share Purchase Plan - Melcor has entered into an automatic share purchase plan (ASPP) with a broker to facilitate share purchases during periods when the company would typically not be active in the market due to regulatory restrictions [6]. - The broker will make purchases under the NCIB based on parameters set by Melcor prior to any restricted or blackout periods, ensuring compliance with TSX rules and applicable securities laws [6]. Group 4: Company Overview - Melcor Developments Ltd. is a diversified real estate development and asset management company, involved in transforming raw land into high-quality residential and commercial properties [7]. - The company has been active in real estate since 1923, having developed over 140 communities and currently managing 4.48 million square feet of commercial real estate and 447 residential rental units [8]. - Melcor operates in multiple regions, including Alberta, Saskatchewan, British Columbia, Arizona, and Colorado, and has been publicly traded since 1968 on the Toronto Stock Exchange [9].

Core Viewpoint - Liberty Defense Holdings Ltd. intends to initiate a normal course issuer bid (NCIB) to repurchase its common shares, which has been approved by its board of directors and conditionally by the TSX Venture Exchange [1][2]. Group 1: NCIB Details - The company plans to buy up to 5,142,844 shares, representing approximately 10% of its public float, which consists of shares held by non-insiders [2]. - As of May 30, 2025, there are 51,976,722 issued and outstanding shares, with 548,281 shares held by insiders [2]. - The NCIB will commence on June 5, 2025, and will remain open until June 4, 2026, or until completed or terminated by the company [2]. Group 2: Purchase Mechanism - Shares will be purchased at market price plus brokerage fees, and all transactions will occur on the open market through the TSXV [3]. - The company may not acquire more than 2% of its issued and outstanding shares in any 30-day period [2]. Group 3: Rationale for NCIB - The board believes that the market price of the shares may not fully reflect the underlying value of the business, making share repurchase an appropriate use of corporate funds [4]. - Research Capital Corporation has been engaged as the broker to facilitate the share purchases under the NCIB [4]. Group 4: Company Overview - Liberty Defense provides multi-technology security solutions for concealed weapons detection in high-traffic areas such as airports and schools [6]. - The company’s HEXWAVE product, licensed from MIT, offers modular and scalable protection for detecting both metallic and non-metallic weapons [6]. - Liberty has also licensed advanced imaging technologies, including millimeter wave-based body scanners [6].

Core Viewpoint - PrairieSky Royalty Ltd. has announced its intention to commence a normal course issuer bid (NCIB) to repurchase up to 15,355,946 common shares, representing approximately 6.5% of the outstanding shares, starting June 4, 2025, and expiring no later than June 3, 2026 [1][2]. Group 1: NCIB Details - The NCIB allows PrairieSky to purchase up to 15,355,946 common shares, which is about 6.5% of the 235,536,040 common shares outstanding as of May 21, 2025 [2]. - The daily purchase limit under the NCIB is set at 99,954 common shares, which is 25% of the average daily trading volume calculated over the six-month period ending April 30, 2025 [3]. - PrairieSky has the option to make one block purchase per calendar week that exceeds the daily repurchase limit [3]. Group 2: Rationale for NCIB - The company believes that the market price of its common shares may not always reflect their underlying value, and repurchasing shares will benefit remaining shareholders by increasing their proportionate interest [4]. - The NCIB is expected to provide increased liquidity for shareholders wishing to sell their shares [4]. Group 3: Historical Context - PrairieSky has previously purchased 3,415,900 common shares under its current NCIB, which authorized the purchase of up to 5,000,000 shares from June 4, 2024, to June 3, 2025 [6]. - Since initiating the NCIB in 2016 until March 31, 2025, PrairieSky has repurchased and canceled a total of 20.1 million common shares at a weighted average price of $16.74 per share [6]. Group 4: Automatic Share Purchase Plan - PrairieSky has established an automatic share purchase plan with CIBC Capital Markets to facilitate the repurchase of its common shares, allowing purchases even during regulatory restrictions or blackout periods [5].

Core Viewpoint - North American Financial 15 Split Corp. has announced its intention to initiate a Normal Course Issuer Bid (NCIB) to repurchase its Preferred Shares and Class A Shares, which will run from June 2, 2025, to June 1, 2026 [1]. Group 1: NCIB Details - The Company plans to buy up to 5,738,811 Preferred Shares and 5,865,279 Class A Shares, representing 10% of the public float of 57,388,118 Preferred Shares and 58,652,794 Class A Shares as of May 21, 2025 [2]. - The Company will limit its purchases to a maximum of 1,147,772 Preferred Shares and 1,174,499 Class A Shares in any 30-day period, which is 2% of the issued and outstanding shares as of May 21, 2025 [2]. - No shares were purchased under the previous NCIB that ended on May 28, 2025 [2]. Group 2: Management Perspective - The Board of Directors, advised by Quadravest Capital Management Inc., believes that the share repurchases are in the best interests of the Company and represent a desirable use of its funds [3]. Group 3: Investment Portfolio - The Company invests in a high-quality portfolio consisting of 15 financial services companies, including major Canadian and U.S. issuers such as Bank of Montreal, Royal Bank of Canada, and Goldman Sachs Group [4].

Core Viewpoint - Canadian Life Companies Split Corp. has announced its intention to initiate a Normal Course Issuer Bid (NCIB) to repurchase its Preferred Shares and Class A Shares, which will commence on June 2, 2025, and end on June 1, 2026 [1]. Group 1: NCIB Details - The Company plans to purchase up to 1,090,320 Preferred Shares and 1,012,451 Class A Shares, representing 10% of the public float of 10,903,202 Preferred Shares and 10,124,519 Class A Shares [2]. - As of May 21, 2025, there were 10,985,202 Preferred Shares and 10,662,478 Class A Shares issued and outstanding [2]. - The Company will limit its purchases to no more than 219,704 Preferred Shares or 213,249 Class A Shares in any given 30-day period, which is 2% of the issued and outstanding shares as of May 21, 2025 [2]. Group 2: Management Perspective - The Board of Directors, advised by Quadravest Capital Management Inc., believes that the share repurchases are in the best interests of the Company and represent a desirable use of its funds [3]. - All repurchased shares will be cancelled following the NCIB [3]. Group 3: Investment Portfolio - The Company invests in a portfolio of four publicly traded Canadian life insurance companies: Great‐West Lifeco Inc., Industrial Alliance Insurance & Financial Services Inc., Manulife Financial Corporation, and Sun Life Financial Inc. [4].

Core Viewpoint - Dividend 15 Split Corp. has announced a Normal Course Issuer Bid (NCIB) to repurchase its Preferred Shares and Class A Shares, which will run from June 2, 2025, to June 1, 2026 [1] Group 1: NCIB Details - The company plans to buy up to 12,687,975 Preferred Shares and 13,219,443 Class A Shares, representing 10% of the public float [2] - As of May 21, 2025, there were 127,069,383 Preferred Shares and 132,275,624 Class A Shares outstanding [2] - The company will limit purchases to a maximum of 2,541,387 Preferred Shares and 2,645,512 Class A Shares in any 30-day period [2] Group 2: Previous NCIB - Under the previous NCIB that ran from May 29, 2024, to May 28, 2025, no shares were purchased [2] Group 3: Management Perspective - The Board of Directors, advised by Quadravest Capital Management Inc., believes that the share repurchases are in the best interests of the company and a desirable use of funds [3] - All repurchased shares will be cancelled [3] Group 4: Investment Portfolio - The company invests in a high-quality portfolio of leading Canadian dividend-yielding stocks, including major banks and financial institutions such as Bank of Montreal, Royal Bank of Canada, and Enbridge [4]

Group 1 - The Toronto Stock Exchange has accepted Financial 15 Split Corp.'s notice to initiate a Normal Course Issuer Bid (NCIB) for its Preferred Shares and Class A Shares, starting June 2, 2025, and ending June 1, 2026 [1] - The company plans to purchase up to 6,054,449 Preferred Shares and 6,196,492 Class A Shares, which represents 10% of the public float of 60,544,490 Preferred Shares and 61,964,925 Class A Shares as of May 21, 2025 [2] - The company will not buy more than 1,211,348 Preferred Shares or 1,239,366 Class A Shares in any 30-day period, which is 2% of the issued and outstanding shares as of May 21, 2025 [2] Group 2 - The Board of Directors, advised by Quadravest Capital Management Inc., believes that the share purchases are in the best interests of the company and a desirable use of its funds [3] - All shares purchased under the NCIB will be cancelled [3] Group 3 - The company invests in a high-quality portfolio consisting of 15 financial services companies, including major Canadian and U.S. issuers such as Bank of Montreal, Royal Bank of Canada, and Goldman Sachs Group [4]

Group 1 - MINT Income Fund has filed a notice with the Toronto Stock Exchange and received approval for a normal course issuer bid (NCIB) which will commence on May 27, 2025, and terminate on May 26, 2026 [1] - The Fund had 10,052,580 units issued and outstanding as of May 13, 2025, with 10,031,982 units in the public float [2] - The Fund may purchase up to 1,003,198 units during the 12-month period, representing 10% of the public float, and no more than 201,051 units in any 30-day period, which is 2% of the units issued and outstanding [2] Group 2 - As of May 13, 2025, the Fund had purchased 18,700 units at an average price of $6.96 per unit under its previous NCIB [2] - The Fund had the ability to purchase up to 1,089,755 units under its last NCIB, indicating a strategic approach to managing its unit purchases [2] - The manager of the Fund believes that these purchases are in the best interest of the Fund and represent a desirable use of available funds [2]

Core Viewpoint - Martinrea International Inc. has announced its intention to initiate a normal course issuer bid (NCIB) to repurchase up to 7,110,571 common shares over a 12-month period, representing approximately 10% of its public float [1][2]. Group 1: NCIB Details - The NCIB is set to commence on or about May 27, 2025, and will terminate on May 26, 2026, or earlier if purchases are completed [2]. - Shares will be purchased at market price through the TSX and/or alternative Canadian trading systems, with a maximum daily purchase limit of 42,323 shares based on an average daily trading volume of 169,292 shares over the last six months [2]. - As of May 21, 2025, the total number of issued and outstanding common shares is 72,787,848 [2]. Group 2: Previous Share Repurchase - In the previous 12 months, Martinrea was authorized to repurchase up to 6,435,000 shares under a prior NCIB, which ran from May 2, 2024, to May 1, 2025 [3]. - The company successfully purchased 3,977,392 shares for cancellation at a weighted average price of approximately $11.25 during the prior NCIB [3]. Group 3: Company Rationale - The company believes that its shares may trade at a price that does not reflect their true value in relation to its activities and future prospects, making the repurchase an appropriate use of corporate funds for the benefit of remaining shareholders [4]. Group 4: Company Overview - Martinrea International Inc. is a diversified global automotive supplier involved in the design, development, and manufacturing of lightweight structures and propulsion systems, operating in 56 locations across various countries [5].

Core Viewpoint - Source Energy Services Ltd. has announced the implementation of a Normal Course Issuer Bid (NCIB) to repurchase its Common Shares, aiming to enhance shareholder value by reducing the number of outstanding shares [1][5]. Summary by Sections NCIB Details - The NCIB will commence on May 13, 2025, and will terminate on the earlier of May 12, 2026, or when the maximum number of shares is purchased, which is the lesser of $5 million worth of shares or 750,000 Common Shares [3]. - As of April 30, 2025, there were 13,545,055 Common Shares outstanding, and the average daily trading volume for the past six months was 29,156 Common Shares, allowing a maximum daily repurchase of 7,289 shares [2][3]. Automatic Securities Purchase Plan (ASPP) - The company plans to enter into an ASPP with Acumen Capital Finance Partners Limited, allowing repurchases during regulatory restrictions or blackout periods, with Acumen determining the timing and number of shares purchased [4]. Management's Perspective - The Board of Directors and management believe the market price of Source's Common Shares does not reflect their underlying value, and the NCIB is a strategy to allocate capital effectively [5]. - Decisions regarding the timing and size of purchases under the NCIB will be based on various factors, including liquidity, financial performance, and market conditions [6]. Company Overview - Source Energy Services focuses on the integrated production and distribution of frac sand and other bulk completion materials, providing an end-to-end solution supported by its mining and processing facilities [7]. - The company's logistics platform enhances the reliability of supply and timely delivery of materials to well sites [8].