TSX:TNT.UN - Post by User
Post by
EstevanOutsideron Nov 13, 2023 7:22pm
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Post# 35733173
NCIB can only work with sellers
NCIB can only work with sellersit can't "bid up" the unit price as an NCIB can only catch bids below ask.
"other acquisitions programs" must be a reference to a SIB, which is something that can be used to bid up above the ask and buy a lot of units in droves.
again, great idea for TNT to do this and one that will pay off handsomely in the end.
other reits should follow this model given poor valuations and out of favor cyclical nature of the trade.