Restaurant Brands International intention to renew its normal course issuer bid for its common shares

OAKVILLE, ON, 2017-Aug-03 — /EPR Retail News/ — Restaurant Brands International Inc. (TSX/NYSE: QSR) (“RBI”) announced today that it has filed, and the Toronto Stock Exchange (the “TSX”) has accepted, notice of RBI’s intention to renew its normal course issuer bid (the “NCIB”) for its common shares (“Common Shares”). The NCIB is being conducted in furtherance of RBI’s current share repurchase authorization, authorized by the Board of Directors of RBI in August 2016, pursuant to which RBI may purchase up to US$300 million of its Common Shares over the next four years (the “Repurchase Authorization”).

The TSX notice provides that RBI may, during the 12-month period commencing August 8, 2017 and ending on August 7, 2018, purchase up to 19,215,980 Common Shares, representing 10% of its public float of 192,159,806 Common Shares as of July 25, 2017 (a total of 236,272,503 Common Shares were issued and outstanding as of such date). Purchases under the NCIB will be made through the facilities of the TSX, the New York Stock Exchange (the “NYSE”) and/or alternative Canadian or foreign trading systems, if eligible, or by such other means as may be permitted by the TSX and/or the NYSE under applicable law. Purchases under the Repurchase Authorization made on the TSX will be made in compliance with the rules of the TSX at a price equal to the market price at the time of purchase or such other price as may be permitted by the TSX. In accordance with TSX rules, any daily repurchases (other than pursuant to a block purchase exception) on the TSX under the NCIB are limited to a maximum of 100,736 Common Shares, which represents 25% of the average daily trading volume on the TSX of 402,944 for the six months ended July 31, 2017. Purchases under the Repurchase Authorization made on the NYSE will be made in compliance with Securities and Exchange Commission Rule 10b-18 and the U.S. federal securities laws.

Under its prior NCIB that commenced on August 8, 2016 and expires on August 7, 2017, RBI previously sought and received approval from the TSX to repurchase up to 18,085,962 Common Shares. While RBI has not repurchased any Common Shares for cancellation under its Repurchase Authorization in the past 12 months, the plan agent under RBI’s employee stock purchase plan purchased an aggregate of 5,287 Common Shares in the past 12 months for the benefit of plan participants at an average price of C$68.25 per Common Share.

RBI believes that the market price of Common Shares could be such that their purchase may be an attractive and appropriate use of corporate funds. Decisions regarding the amount and the timing of future purchases of Common Shares will be based on market conditions, share price and other factors. RBI may elect to modify, suspend or discontinue the Repurchase Authorization, and its NCIB, at any time. Repurchases under the Repurchase Authorization will be funded using RBI’s cash resources and all shares repurchased will be cancelled.

About Restaurant Brands International

Restaurant Brands International Inc. (“RBI”) is one of the world’s largest quick service restaurant companies with more than $28 billion in system-wide sales and over 23,000 restaurants in more than 100 countries and U.S. territories. RBI owns three of the world’s most prominent and iconic quick service restaurant brands – TIM HORTONS®, BURGER KING®, and POPEYES®. These independently operated brands have been serving their respective guests, franchisees and communities for over 40 years. To learn more about RBI, please visit the company’s website at www.rbi.com.

Forward-Looking Statements

This press release includes forward-looking statements and information, which reflect management’s current beliefs and expectations regarding future events and operating performance and speak only as of the date hereof. These forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties. These forward-looking statements include statements about RBI’s expectations and belief regarding its normal course issuer bid purchases. The factors that could cause actual results to differ materially from RBI’s expectations are detailed in filings of RBI with the Securities and Exchange Commission and applicable Canadian securities regulatory authorities, such as its annual and quarterly reports and current reports on Form 8-K, and include the following: risks related to RBI’s ability to successfully implement its domestic and international growth strategy; and risks related to RBI’s ability to compete domestically and internationally in an intensely competitive industry. Other than as required under US federal securities laws or Canadian securities laws, we do not assume a duty to update these forward-looking statements, whether as a result of new information, subsequent events or circumstances, change in expectations or otherwise.

SOURCE Restaurant Brands International Inc.

Media Relations line at Media@RBI.com

Dollarama receives approval from Toronto Stock Exchange to renew its normal course issuer bid

MONTREAL, QC, 2017-Jun-08 — /EPR Retail News/ — Dollarama Inc. (TSX: DOL) (“Dollarama” or the “Corporation”) announced today (June 7, 2017 ) that it received approval from the Toronto Stock Exchange (“TSX”) to renew its normal course issuer bid in order to purchase for cancellation up to 5,680,390 of its common shares, representing 5.0% of the 113,607,809 common shares issued and outstanding as at the close of markets on June 6, 2017, during the 12-month period starting on June 19, 2017 and ending no later than June 18, 2018.

Purchases will be conducted through the facilities of the TSX and through alternative trading systems, or by other means as may be permitted by the TSX, such as prearranged crosses, exempt offers and block purchases. Dollarama may also purchase common shares for cancellation by way of private agreements or specific share repurchase programs under issuer bid exemption orders issued by a securities regulatory authority. Purchases made on the open market through the facilities of the TSX and alternative trading systems will be at the prevailing market price at the time of acquisition. Purchases made by way of private agreement under an issuer bid exemption order issued by a securities regulatory authority will be at a discount to the prevailing market price at the time of the acquisition. Purchases made under a specific share repurchase program will be at a discount to the volume weighted average trading price of the common shares on the Canadian markets on the date of the purchase. All shares purchased pursuant to the normal course issuer bid will be cancelled.

The average daily trading volume of the common shares on the TSX over the period between December 1, 2016 and May 31, 2017, as calculated per TSX rules, was 346,664 common shares. Consequently, under TSX rules, Dollarama will be allowed to purchase daily, through the facilities of the TSX, a maximum of 86,666 common shares, representing 25% of such average daily trading volume. In addition, Dollarama may make, once per week, a block purchase (as such term is defined in the TSX Company Manual) of common shares not directly or indirectly owned by insiders of Dollarama, in accordance with TSX rules.

Under the ongoing normal course issuer bid expiring on June 16, 2017, Dollarama repurchased to date a total of 5,975,162 common shares, representing nearly 5.0% of all common shares issued and outstanding as at the close of markets on June 7, 2016, at a weighted average price of $100.78 per common share.

The Board of Directors of Dollarama believes that the purchase by Dollarama of its common shares continues to represent an appropriate and desirable use of its available cash to increase shareholder value.

Forward-Looking Statements

This press release may contain forward-looking statements. Forward-looking statements are based on information currently available to us and on estimates and assumptions made by us in light of our experience and perception of historical trends, current conditions and expected future developments as well as other factors that we believe are appropriate and reasonable in the circumstances, but there can be no assurance that such estimates and assumptions will prove to be correct. Many factors could cause actual results, level of activity, performance, achievements, future events or developments to differ materially from those expressed or implied by the forward-looking statements, including, but not limited to, the factors discussed in the “Risks and Uncertainties” section of the Corporation’s management’s discussion and analysis (MD&A) for the fiscal year ended January 29, 2017 and in its continuous disclosure filings (available on SEDAR at www.sedar.com).

These factors are not intended to represent a complete list of the factors that could affect us; however, they should be considered carefully. The purpose of the forward-looking statements is to provide the reader with a description of management’s expectations regarding the Corporation’s financial performance and may not be appropriate for other purposes; readers should not place undue reliance on forward-looking statements made herein. Furthermore, unless otherwise stated, the forward-looking statements contained in this press release are made as at June 7, 2017 and we have no intention and undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

About Dollarama

Dollarama is a Canadian dollar store operator offering a broad assortment of everyday consumer products, general merchandise and seasonal items. Our 1,108 locations across the country provide customers with compelling value in convenient locations, including metropolitan areas, mid-sized cities and small towns. Our quality merchandise is sold in individual or multiple units at select, low fixed price points up to $4.00.

For further information:
Investors Media
Michael Ross, FCPA, FCA
Chief Financial Officer
(514) 737-1006 x1237
michael.ross@dollarama.com

Lyla Radmanovich
(514) 845-8763
media@rppelican.ca

www.dollarama.com

Source: Dollarama Inc.

RioCan’s normal course issuer bid approved by Toronto Stock Exchange

TORONTO, ONTARIO, 2016-Oct-20 — /EPR Retail News/ — RioCan Real Estate Investment Trust (“RioCan”) (TSX:REI.UN) today (Oct. 18, 2016) announced that the Toronto Stock Exchange has approved its notice of intention to make a normal course issuer bid for a portion of its trust units (“Units”) as appropriate opportunities arise from time to time. RioCan’s normal course issuer bid will be made in accordance with the requirements of the Toronto Stock Exchange.

Pursuant to the notice, RioCan is authorized to acquire up to a maximum of 8,128,045 of its Units, or approximately 2.5% of its 325,121,826 outstanding Units as of September 30, 2016, for cancellation over the next 12 months. Purchases under the normal course issuer bid will be made through the facilities of the Toronto Stock Exchange or through a Canadian alternative trading system and in accordance with applicable regulatory requirements at a price per Unit equal to the market at the time of acquisition. The number of Units that can be purchased pursuant to the bid is subject to a current daily maximum of 120,555 Units (which is equal to 25% of 482,221, being the average daily trading volume from April 1, 2016 through to September 30, 2016), subject to RioCan’s ability to make one block purchase of Units per calendar week that exceeds such limits. Any Units purchased under the normal course issuer bid will be cancelled upon their purchase. RioCan intends to fund the purchases out of its available cash and undrawn credit facilities. No Units were purchased by RioCan pursuant to its previous normal course issuer bid, which expired August 6, 2016.

RioCan may begin to purchase Units on or about October 20, 2016 and the bid will terminate on October 19, 2017 or such earlier time as RioCan completes its purchases pursuant to the bid or provides notice of termination. RioCan believes that the purchase of its Units may represent an investment opportunity for the trust and an appropriate and desirable use of its funds based on market conditions, unit price and other factors.

About RioCan

RioCan is Canada’s largest real estate investment trust with a total enterprise value of approximately $15 billion as at June 30, 2016. RioCan owns and manages Canada’s largest portfolio of shopping centres with ownership interests in a portfolio of 302 Canadian retail and mixed use properties, including 15 properties under development, containing an aggregate net leasable area of 45 million square feet. For further information, please refer to RioCan’s website at www.riocan.com.

Forward-Looking Information

This news release contains forward-looking statements within the meaning of applicable securities laws. These statements include, but are not limited to, statements concerning our objectives, our strategies to achieve those objectives, as well as statements with respect to management’s beliefs, plans, estimates, and intentions, and similar statements concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “outlook”, “objective”, “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “should”, “plans” or “continue”, or similar expressions suggesting future outcomes or events. Such forward-looking statements reflect management’s current beliefs and are based on information currently available to management. All forward-looking statements in this News Release are qualified by these cautionary statements.

These forward-looking statements are not guarantees of future events or performance and, by their nature, are based on RioCan’s estimates and assumptions, which are subject to risks and uncertainties, including those described under “Risks and Uncertainties” in RioCan’s Management’s Discussion and Analysis for the period ended June 30, 2016, which could cause actual events or results described above to differ materially from the forward-looking statements contained herein. Those risks and uncertainties include, but are not limited to, those related to: liquidity and general market conditions, tenant concentrations and related risk of bankruptcy or restructuring (and the terms of any bankruptcy or restructuring proceeding), occupancy levels and defaults, access to debt and equity capital, interest rates, joint ventures and partnerships, the relative illiquidity of real property, unexpected costs or liabilities related to acquisitions and dispositions, development risk associated with construction commitments, project costs and related approvals; environmental matters, litigation, reliance on key personnel, unit holder liability, income and indirect taxes, credit ratings, RioCan’s qualification as a real estate investment trust for tax purposes and that RioCan may choose not to, or may be unable to, purchase Units pursuant to the normal course issuer bid. Material factors or assumptions that were applied in drawing a conclusion or making an estimate set out in the forward-looking information may include, but are not limited to: a stable retail environment; relatively low and stable interest costs; a continuing trend toward land use intensification, including residential development in urban markets; access to equity and debt capital markets to fund, at acceptable costs, future capital requirements and to enable the Trust to refinance debts as they mature; and the availability of purchase opportunities for growth. Although the forward-looking information contained in this News Release is based upon what management believes are reasonable assumptions, there can be no assurance that actual results will be consistent with these forward-looking statements. Certain statements included in this News Release may be considered “financial outlook” for purposes of applicable securities laws, and such financial outlook may not be appropriate for purposes other than this News Release.

Except as required by applicable law, RioCan undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Contact Information:
RioCan Real Estate Investment Trust
Cynthia J. Devine
Executive Vice President & CFO
(647) 253-4973

Source: RioCan Real Estate

Toronto Stock Exchange (TSX) approval for Dollarama’s renewal of normal course issuer bid

MONTREAL, QC, 2016-Jun-14 — /EPR Retail News/ — Dollarama Inc. (TSX: DOL) (“Dollarama” or the “Corporation”) announced today that it received approval from the Toronto Stock Exchange (“TSX”) to renew its normal course issuer bid in order to purchase for cancellation up to 5,975,854 of its common shares, representing 5.0% of the 119,517,081 common shares issued and outstanding as at the close of markets on June 7, 2016, during the 12-month period starting on June 17, 2016 and ending no later than June 16, 2017.

The repurchase program will be conducted through the facilities of the TSX or alternative trading systems, if eligible, and will conform to their regulations. The average daily trading volume of the common shares over the period between December 1, 2015 and May 31, 2016, as calculated per TSX rules, was 477,218 common shares. Consequently, under TSX rules, Dollarama will be allowed to purchase daily, through the facilities of the TSX, a maximum of 119,304 common shares, representing 25% of such average daily trading volume. In addition, Dollarama may make, once per week, a block purchase (as such term is defined in the TSX Company Manual) of common shares not directly or indirectly owned by insiders of Dollarama, in accordance with TSX rules.

Purchases under the normal course issuer bid may also be made by means other than open market transactions, as the TSX or a securities regulatory authority may permit, including pre-arranged crosses, exempt offers and private agreements under an issuer bid exemption order issued by a securities regulatory authority.

The price to be paid by Dollarama for any common share will be the market price at the time of acquisition, plus brokerage fees, or such other price as the TSX may permit. In the event that Dollarama purchases common shares by pre-arranged crosses, exempt offers, block purchases or private agreements, the purchase price of the common shares may be, and will be in the case of purchases by private agreements, at a discount to the market price of the common shares at the time of the acquisition. The shares purchased pursuant to the normal course issuer bid will be cancelled.

Dollarama also announced that it renewed its automatic purchase plan agreement (“APP”) with a broker to allow for the purchase of its common shares under the normal course issuer bid at times when Dollarama ordinarily would not be active in the market due to self-imposed trading blackout periods. Before entering into a blackout period, Dollarama may, but is not required to, instruct the designated broker to make purchases under the normal course issuer bid in accordance with the terms of the APP. Such purchases will be determined by the broker in its sole discretion based on parameters established by Dollarama prior to the blackout period in accordance with TSX rules, applicable securities laws and the terms of the APP. The terms of the APP have been pre-cleared by the TSX. Outside of these pre-determined blackout periods, common shares will be purchased based on management’s discretion, in compliance with TSX rules and applicable securities laws.

Under the ongoing normal course issuer bid expiring on June 16, 2016, Dollarama repurchased so far a total of 9,422,031 common shares, representing 7.99% of the public float as at the close of markets on June 9, 2015, at a weighted average price of $85.65 per common share.

The Board of Directors of Dollarama believes that the purchase by Dollarama of its common shares continues to represent an appropriate and desirable use of its available cash to increase shareholder value.

Forward-Looking Statements
This press release may contain forward-looking statements. Forward-looking statements are based on information currently available to us and on estimates and assumptions made by us in light of our experience and perception of historical trends, current conditions and expected future developments as well as other factors that we believe are appropriate and reasonable in the circumstances, but there can be no assurance that such estimates and assumptions will prove to be correct. Many factors could cause actual results, level of activity, performance, achievements, future events or developments to differ materially from those expressed or implied by the forward-looking statements, including, but not limited to, the factors discussed in the “Risks and Uncertainties” section of the Corporation’s management’s discussion and analysis (MD&A) for the fiscal year ended January 31, 2016 and in its continuous disclosure filings (available on SEDAR at www.sedar.com).

These factors are not intended to represent a complete list of the factors that could affect us; however, they should be considered carefully. The purpose of the forward-looking statements is to provide the reader with a description of management’s expectations regarding the Corporation’s financial performance and may not be appropriate for other purposes; readers should not place undue reliance on forward-looking statements made herein. Furthermore, unless otherwise stated, the forward-looking statements contained in this press release are made as at June 8, 2016 and we have no intention and undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

About Dollarama
Dollarama is a Canadian dollar store operator offering a broad assortment of everyday consumer products, general merchandise and seasonal items. Our 1,038 locations across the country provide customers with compelling value in convenient locations, including metropolitan areas, mid-sized cities and small towns. Our quality merchandise is sold in individual or multiple units at select, low fixed price points up to $3.00.

For further information
Investors
Michael Ross, FCPA, FCA
Chief Financial Officer
(514) 737-1006 x1237
michael.ross@dollarama.com
Media
Lyla Radmanovich
(514) 845-8763
media@rppelican.ca

www.dollarama.com