Morguard North American Residential Real Estate Investment Trust (TSX:MRG.UN) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 2,955,913 units, representing 7.58% of its issued share capital. The share repurchases will be cancelled. The bid is valid till January 7, 2022. As of December 31, 2020, the company had 39,019,827 units are issued and outstanding.