NCIB updatePer MD&A: "The REIT renewed the NCIB effective December 19, 2022, and as at June 30, 2023, the REIT had purchased 6,162,206 units at a weighted-average price of $7.47 under the term."
Subsequent event per financial statements "The REIT purchased through the NCIB 500,088 common units at a weighted-average price of $7.04"
That brings us to a total of 6,662,294 out of a maximum 7,860,942, leaving us with 1,198,648 units left to buy before we reach the maximum.
NCIB resets in December.
Add it to the list of things Mr. Manji has mismanged. I honestly thought he calculated it all out - ran the NCIB hard, knowing full well he was going to signifcantly overshoot the target of assets sold, and would have a warchest when the NCIB maxxed out, knowing if the market still questioned his ability to surface value via extreamly depressed unit price, he would have a bazooka ready. I don't get it...