Genworth MI Canada receives green light for NCIB
Genworth MI Canada Inc.'s notice of intention to make a Normal Course Issuer Bid (NCIB) has been accepted by the Toronto Stock Exchange and the commenced its purchases on May 7.
The company's day-to-day business and purchases under this NCIB will be limited to a maximum of 55,583 common shares, other than purchases made in compliance with the provisions of the block purchase exemption of the Toronto Stock Exchange rules and purchases from Genworth Financial Inc., the company's majority shareholder, and its affiliates.
Genworth Canada may, if considered advisable, purchase through the facilities of the Toronto Stock Exchange or over other trading platforms up to the limitation of next 12 months with an effective deadline on May 6, 2019, in pursuance of this newest NCIB.
Interested parties can follow the offerings made by the company here.