Quadravest possibly buying back FFN preferred sharesNoted that the preferred shares had a fire lit under them after the NCIB was announced. I do believe Quadravest would like to get the balance back for preferred/ commons.
A buyback is one way to do that. Use cash on hand to equalize the raito. Not sure why folks are so eager to buy the common shares, but can only surmise that they must be very optimistic of the future of US banks in the fund.