Mainstreet Equity Corp. (TSX: MEQ) announced that the Toronto Stock Exchange (TSX) has approved its plan to repurchase up to 475,359 common shares—about 10% of its public float—through a normal course issuer bid. The buyback starts June 3, 2025, and runs until June 2, 2026, or earlier if completed.
Mainstreet's Board of Directors believes this move will benefit shareholders by potentially increasing the value of remaining shares when market prices don't reflect the company's true value.