07:39 AM EST, 11/27/2024 (MT Newswires) -- CT Real Estate Investment Trust (CRT-UN.TO) on Wednesday said the Toronto Stock Exchange has accepted its notice of intention to proceed with a normal course issuer bid (NCIB).

The bid will run from Nov. 29 and terminate on Nov. 28 of next year. CT REIT may buy back up to 1.875 million of its units.

Under its previous NCIB, which ends tomorrow, Nov. 28, CT REIT bought back 875,468 units at a weighted average price of $13.50 each, for a total cost of $11.8 million.