RE:Normal course issuer Smokininvesta wrote: So these jokers are going to buy back stock opposed too funding new mortgages....buying debt with debt. This no longer a fixed income play its a house of cards.
Not sure if you noticed but buying debt is what a MIC does by definition. The fact that they have recently retired debentures early, suspended the DRIP, and are buying back shares would suggest that they are doing anything but buying debt with debt.