Flaherty & Crumrine Investment Grade Fixed Income Fund (TSX:FFI.UN) announces a share repurchase program. Under the bid, the Fund will repurchase up to 806,400 units, representing 10% of the public float and 10% of its issued share capital. The shares will be repurchased through the facilities of the TSX or other eligible alternative market and may only be repurchased at a price per unit not exceeding the last published net asset value per unit. The Fund may purchase up to 161,433 units in any 30 day period which is 2% of the issued and outstanding units. The repurchased units will be cancelled. The Manager of the Fund believes that such purchases are in the best interest of the Fund and are a desirable use of its available funds. The bid will commence on December 29, 2016 and will end on December 28, 2017. As of December 13, 2016 the Fund has 8,064,929 units in the public float and has 8,071,688 issued and outstanding units.