Buybacks are on steroids
Since the commencement of the current NCIB through the closing of trading on April 8, 2022, H&R has repurchased an aggregate of 10,774,500 Units at a weighted average purchase price of $12.98.
TSX has authorized that about 28,000,000 shares my be bought back by December 31.
This would mean that 10% of shares would be bought back during 2022. WOW.
The buybacks could end at any time if the discount to NAV dropped materially.
mat