10:23 AM EDT, 09/17/2025 (MT Newswires) -- Morguard Corporation ( MRCBF ) announced Wednesday that the Toronto Stock Exchange accepted a notice it filed of its intention to make a normal course issuer bid (NCIB).

The company, pursuant to the bid, may buy back up to 535,195 common shares in total, 5% of the issued and outstanding common shares, during the twelve-month period starting Sept. 22, 2025 and ending Sept. 21, 2026.

As of Sept. 11, there were 10.7-million common shares outstanding.

Shares of the company were last seen up 0.8% at C$118.22 on the Toronto Stock Exchange.

Price: 118.22, Change: +0.92, Percent Change: +0.78