TSX:AX.PR.E - Post by User
Comment by
babybunnyon Nov 02, 2023 11:44pm
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Post# 35715119
RE:Asset Quality is Improving & Buybacks
RE:Asset Quality is Improving & BuybacksMy thoughts exactly on the preferreds. Artis should retire as many as possible at say $18 through a SIB before the end of the year to avoid the 2% buyback tax. Artis should impose no limit on the quantity; retire them all if they are all tendered, taking on additional debt if necessary.
Common share buybacks are less urgent because the NCIB daily purchase limit is so generous. But if additional asset sales can be arranged within the next month, perhaps add a SIB on the common before year end also.
Baby Bunny