TORONTO, Nov. 15, 2018 (GLOBE NEWSWIRE) -- Guardian Capital Group Limited (“Guardian”) (TSX:GCG, Financial) (TSX:GCG.A) announced today that it intends to purchase by means of a Normal Course Issuer Bid, during the period from November 21, 2018 to November 20, 2019, up to 160,946 or 5% of its outstanding Common Shares, entitled to one vote per share, and up to 1,828,795 or 10% of its Public Float of Class A Non-Voting Shares (“Class A Shares”) as at November 5, 2018. These shares will be purchased at market prices, on the Toronto Stock Exchange and alternative Canadian trading systems. Guardian intends to purchase the shares for cancellation because it believes that, from time to time, the shares may become undervalued at prevailing market prices, based on Guardian’s earnings and prospects and accordingly, Guardian is of the opinion that the purchase of shares is an appropriate use of corporate funds to increase shareholder value.
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