GB, thanks for staring this. I bought some shares and seems the company thinks they are cheap too. Last week they announced a share buy back
Freehold Royalties Ltd.’s notice of intention to commence a normal course issuer bid (the NCIB).
Under the NCIB, Freehold may purchase up to 13,699,733 common shares (representing approximately 10 per cent of the company’s 163,960,334 issued and outstanding shares as of May 14, 2025, less shares held by directors, executive officers and principal securityholders (holders holding greater than 10 per cent of the issued and outstanding shares) of the company). Any shares that are purchased under the NCIB will be cancelled upon their purchase by Freehold. The total number of shares that Freehold is permitted to purchase is subject to a daily purchase limit of 185,656 shares, representing 25 per cent of the average daily trading volume of 742,626 shares on the TSX calculated for the six-month period ended April 30, 2025; however, Freehold may make one block purchase per calendar week which exceeds the daily repurchase restrictions.
The NCIB is expected to commence on May 27, 2025,
