DRI Healthcare Trust (TSX:DHT.U) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 3,280,195 common voting shares, representing 5.82% of its issued and outstanding shares. The repurchase will commence on November 20, 2023.

The shares repurchased will be cancelled. The company intends to fund the purchases out of its available resources. The program will expire on November 20, 2024, or such earlier date as the company completes its purchases pursuant to the bid or provides notice of termination.The repurchases will be made through an automatic securities purchase plan with its designated broker to facilitate the purchase of shares under the bid.

As of September 30, 2023, the company had 56,318,936 issued and outstanding shares.