09:53 AM EST, 01/29/2025 (MT Newswires) -- Slate Grocery REIT (SGR-UN.TO), an owner and operator of U.S. grocery-anchored real estate, on Wednesday said it received approval from the Toronto Stock Exchange (TSX) to renew its normal course issuer bid (NCIB).

The year-long bid starts on Feb. 3 and gives the REIT the option to buyback for cancellation up to 5.5 million class U units of the REIT or about 10% of the public float .

Slate Grocery plans to use its general fund to finance the purchase of the units.

Shares of the company were last seen up $0.14 or 1%, at $14.14 in early morning trade on the TSX.

Price: 14.14, Change: +0.14, Percent Change: +1.00