Inovalis Real Estate Investment Trust (TSX:INO.UN) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 3,047,058 Units, representing 9.3% of its issued and outstanding Units. The bid will be funded from the company's available resources.

The repurchased Units will be cancelled. The bid will terminate on May 24, 2024, or such earlier time as the company completes its purchases pursuant to the NCIB or provides notice of termination. As of May 12, 2023, the company had 32,781,062 issued and outstanding Units.