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BSR REIT plans normal course issuer bid

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BSR REIT plans normal course issuer bid

BSR Real Estate Investment Trust intends to make a normal course issuer bid for up to 10% of its public float, subject to Toronto Stock Exchange approval.

The multifamily REIT's board believes unit purchases at prices below intrinsic value are in its best interests.

BSR said further details regarding the bid will be provided following approval from the bourse.