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Normal-Course Issuer Bid-NCIB
What does it mean?
The action of a company buying back its own outstanding shares from the markets so it can cancel them.
In Other Words...
The amount the company may repurchase is subject to regulatory approval. Instead of holding shares, which fluctuate day to day in the market, a company will cancel the shares to add to its core value.
Related Links
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Related Terms
Buyback | Outstanding Shares | Share Repurchase
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