RE:Two Form 45-102F1 filed yesterday - Very interesting!If you do a search of SEDAR on Form 45-102F1 over the past 20 years for Torstar you will see a series of filings from Voting Trust members. This is the first one in a number of years.
It would appear to me that one part of the Harvey clan is cashing out. What is unclear is where the shares are going as they are being sold privately. I would guess the A shares will get taken up by other Voting Trust members either in the Harvey clan or will be taken up by one of the other Voting Trust members. Could be estate or tax planning or a signal of frustration or a need to pay some Christmas bills.
It may signal just about anything at this stage. It is hard to know if the Watsa deliberations factored into this move. I hesitate to read too much into this until the dust settles. We should continue to monitor this move.