Can-60 Income Corp announces an Equity Buyback for 1,236,199 non-voting equity shares, representing 10% of the public float and issued and outstanding shares.

Can-60 Income Corp (TSX:CSY) announces a share repurchase program. Under the bid, the company will repurchase up to 1,236,199 non-voting equity shares, representing 10% of the public float and issued and outstanding shares. All purchases will be made through the facilities of the TSX in accordance with its rules and policies.

All shares purchased by the corporation pursuant to the bid will be cancelled. The corporation will not purchase in any given 30-day period, in the aggregate, more than 247,239 shares, being 2% of the issued and outstanding shares as of the close of November 19, 2014. The Board of Directors of First Asset Investment Management Inc., the manager of the corporation, believes that such purchases are in the best interests of the corporation and are a desirable use of the corporation's funds.

The company also received approval from the Toronto Stock Exchange. The repurchases of shares under the bid will expire on November 25, 2015. As of November 19, 2014, the company has 12,361,996 shares as public float and issued and outstanding.