08:08 AM EDT, 04/15/2026 (MT Newswires) -- Chemtrade Logistics Income Fund (CHE-UN.TO), which lost 18% on Tuesday, announced the early termination of its existing normal course issuer bid which began on Aug. 19, 2025, and had an expiry date of Aug. 18, 2026, and the start of a new NCIB.

The company on Wednesday said that the Toronto Stock Exchange (TSX) accepted its notice of intention to start the NCIB.

As of Apr. 10, 2026, under the terminated bid, the fund had bought back for cancellation, near 5.3-million units out of the more than 11.2-million units at a volume weighted average price of $14.55 per unit, for total cash consideration of about $76 million.

Due to the early termination and start of the new bid, the 5.3-million units purchased under the terminated NCIB will be deducted from the maximum number of units that may be purchased under the NCIB as per the requirements of the TSX. Under the NCIB, Chemtrade is authorized to buy back up to 11.1-million units, about 10% of the company's public float as of Apr. 10, less the 5.3-million units purchased under the terminated NCIB, for net new purchases of up to 5.8-million units.

The NCIB begins on Apr. 17, and will cancel on April 16, 2027, or such earlier date that Chemtrade completes purchases. Chemtrade also entered into an automatic purchase plan with its designated broker to allow for purchases of units during certain pre-determined blackout periods, subject to certain parameters as to price and number of units.

Shares of the company closed down $3.26 to $14.50 on Tuesday on the TSX.