American Core Sectors Dividend Fund (TSX:ACZ.UN) announces an Equity Buyback 467,500 shares, representing 9.35% of its issued share capital and 10% of its public float.

American Core Sectors Dividend Fund (TSX:ACZ.UN) announces a share repurchase program. Under the program, the company will repurchase up to 467,500 shares, representing 9.35% of its issued share capital and 10% of its public float. Purchases pursuant to the bid will be made in the open market through the facilities of the TSX, Alpha and/or alternative trading systems. The Fund will cancel all units purchased pursuant to the bid.

The company has received the approval of the Toronto Stock Exchange to commence the normal course issuer bid. The bid will commence on January 7, 2014 and will terminate on January 6, 2015. As of December 27, 2013, the fund had 5,000,000 shares issued and outstanding.