Strata Investment Holdings PLC T.SRT.UN

RE:RE:NEWS Slate Retail arranges 4.21-million-unit buyback

[Capharnaum]

DanielDarden123 wrote: Given the fact that they did not buyback units under the NCIB under $12 in December, this is a headscratcher. Normally buying low is a superior strategy to buying higher. Probably suggests that 10%+ returns are not available on invested capital.

Well they probably couldn't buy while they were prepping a strategy to buy 10% outright with GMP. It would have influenced the "market price" on which the premium was calculated.