08:44 AM EDT, 03/26/2026 (MT Newswires) -- Marwest Apartment Real Estate Investment Trust (MAR-UN.V) Thursday said that it filed a notice of intention to make a normal course issuer bid (NCIB) with the TSX Venture Exchange, which will allow the REIT to purchase outstanding trust units of the REIT.

The REIT said that, under the NCIB, if approved by the TSXV, it may acquire up to an aggregate of 700,025 units over the 12-month period beginning on April 1, 2026 and ending on March 31, 2027, representing approximately 10.0% of the "public float" as of Feb. 28, 2026.

Additionally, under the NCIB, the REIT may not acquire more than 2% of the issued and outstanding units in any 30 day period, it added. It further said that all units purchased by the REIT under the NCIB will be returned to treasury and cancelled.

Marwest Apartment REIT added that funding for any purchases pursuant to the NCIB will be from the working capital of the REIT.

"Marwest Apartment REIT has not previously purchased for cancellation any of its outstanding Units," it added.

The implementation of the NCIB remains subject to the approval of the TSXV.