Northfield Capital Announces New Share Buyback Plan

Northfield Capital Corporation has declared its intention to initiate a normal course issuer bid. This plan, set to begin on February 27, 2026, aims to purchase up to 1,035,239 Class A restricted voting shares, about 5% of the current total issued shares. Purchases will occur through the TSX Venture Exchange and will be made at market price during the specified 12-month period.

Leede Financial Inc. has been appointed to handle acquisitions for Northfield. The shares acquired through this bid will be canceled, returning them to treasury. The company perceives its shares as undervalued and considers the buyback a judicious financial strategy.

Previously, Northfield completed a similar buyback between January 2025 and January 2026, purchasing shares at an average price of $5.77. These shares were also canceled and returned to treasury.