PLAN ALL ALONG As CANCDN mentions, this was likely mngt plan along.
Probably hoping that D.UN holds in the $16 range (with buybacks & no cut to the divi).
Then do this SIB at $20 with a higher DIR price as well.
Then you would see some "face ripping".
But when your drifting to 5+ yr lows, you gotta do it now.
Bag holders more than willing to sell here and let the shorts cover.
At least stock price recovers its YTD losses for now.
More than you say for most of the other mutts in this space.