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The latest announcement is out from Solution Financial Inc. ( (TSE:SFI) ).
Solution Financial Inc. has announced the renewal of its Normal Course Issuer Bid (NCIB) approved by the Toronto Stock Exchange, allowing the company to purchase up to 4,309,413 common shares, representing 5% of its issued and outstanding shares. This initiative is part of Solution’s capital management strategy aimed at maintaining healthy regulatory capital ratios and enhancing shareholder value by repurchasing shares it considers undervalued in the market. The renewed NCIB, which will run from February 27, 2025, to February 26, 2026, will be conducted through Ventum Financial Corp. and is subject to TSX rules and Canadian securities laws.
More about Solution Financial Inc.
Solution Financial Inc. is a company based in British Columbia that specializes in sourcing and leasing luxury and exotic vehicles, yachts, and other high-value assets. The company works with a select group of luxury clients and has been operational since 2004.
YTD Price Performance: -1.72%
Average Trading Volume: 19,709
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$24.56M
See more data about SFI stock on TipRanks’ Stock Analysis page.