RE: twebca don't worry about limited.So if I read that document correctly, Yellow Media is *forbidden* from buying more than 10% of the float of its Series 3 and Series 5 preferred shares? Does this limitation also apply to individual bonds, or only to instruments that trade on TSX?
What is the reason for such a wacky restriction? At these low prices I want Yellow to be throwing a lot of buyback activity at those preferred shares. It is in any shareholders interest for them to reduce debt and preferred dividend payments.