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Max Power

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Max Power

Re: Max Power post# 9138

Sunday, 01/06/2013 6:07:06 AM

Sunday, January 06, 2013 6:07:06 AM

Post# of 12338
Definition of 'Normal-Course Issuer Bid - NCIB'
A Canadian term for a company repurchasing its own stock from the public in order to cancel it. In a normal-course issuer bid (NCIB), a company is allowed to repurchase between 5 and 10% of its shares depending on how the transaction is conducted. The issuer repurchases the shares gradually over a period of time, such as one year. This repurchasing strategy allows the company to buy only when its stock is favorably priced.

Read more: http://www.investopedia.com/terms/n/ncib.asp#ixzz2HBzhy2NY



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