RE:RE:RE:Normal Course Issuer Bid
Normal issuer bids are a safety net if we trade well below net asset value. Buy backs in that case (at a discount) increases the NAV. Management are reluctant to do this as it reduces the fees they earn. Confident managment, will pounce when the units are at a discount.
For splits, it does not make sense to buy back their shares at a premium to NAV.
Financings are always done at a premium, and that also increases the NAV. They are a short term nuisance because it trades lower for some time. DFN has done a remarkable job on this front. They size has been increased, and so the liquidity has improved.