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Announced today that the Toronto Stock Exchange has accepted its notice of intention to make a normal course issuer bid through the facilities of the TSX and/or alternative Canadian trading systems. The notice provides that the REIT may, during the 12-month period commencing January 8, 2022 and ending January 7, 2023, purchase for cancellation up to 1,478,869 units in total, being approximately 5% of the public float of outstanding Units. The daily repurchase restriction for the Units is 7,877. Morguard North American Residential Real Estate Investment Trust shares T.MRG.UN are trading down $0.03 at $17.54.