Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) announces an Equity Buyback for 17,067,144 shares, representing 9.82% of its issued share capital.

Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 17,067,144 units, representing 9.82% of its issued share capital. Any units purchased under the normal course issuer bid will be cancelled.

The bid will expire on March 23, 2023. As of March 15, 2022, the company had 173,795,341 units outstanding.