Fund Unit Buyback Program
Sustainable Innovation and Health Dividend Fund Announces Normal Course Issuer Bid
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Sustainable Innovation & Health Dividend Fund (TSX: SIH.UN) received approval to buy back its own units from September 3, 2026 through September 2, 2027. The normal course issuer bid allows the fund to purchase units in the open market. The fund had 1.7 million units outstanding as of August 20, 2025, with 1.7 million in public hands.
What Is a Normal Course Issuer Bid?
A normal course issuer bid lets a publicly traded company buy back its own shares or units on the open market. The Toronto Stock Exchange must approve the plan first. Buybacks can help reduce the number of units trading publicly. The fund will hold any purchased units in treasury for future resale.
The Fund's Unit Float and Buyback Timeline
As of August 20, 2025, the fund had 1,716,562 total units outstanding. Of those, 1,697,562 units were in the public float — the shares available for trading. The bid runs for exactly one year, from September 3, 2026 to September 2, 2027. Leader-Post reported the fund will buy units through the TSX and alternative Canadian trading systems.
Why Funds Use Buyback Programs
Companies and funds often buy back their own units to reduce supply and boost per-unit value. A shrinking unit count can make remaining units worth more. Buybacks also signal management confidence in the fund's value. The Sustainable Innovation & Health Dividend Fund focuses on dividend-paying companies in health and sustainable sectors.
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