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PDM Royalties Income Fund

04:28 PM EST - PDM Royalties Income Fund : announced that it plans to buy 50,000 to 100,000 units for cancellation under a previously approved buyback program. All of PDM's brands are performing at or above expectations. As a result, the Fund is in a strong financial position and has generated surplus cash. PDM Royalties Income Fund units T.PDM.UN are trading up 4 cents at $8.69.