RE:RE:Why does FFN want to buy up to 10% of outstanding shares?YOU CAN ALSO CHECK THE ANNUAL REPORT UNDER FUND DOCUMENTS TO SEE WHAT THEY BOUGHT. The Company announced on May 25, 2023 that the TSX accepted its notice of intention to make a Normal Course Issuer Bid (the “NCIB”) to purchase its Preferred shares and Class A shares through the facilities of the TSX and/or alternative Canadian trading systems. The NCIB commenced on May 29, 2023 and will terminate on May 28, 2024. Pursuant to the NCIB, the Company proposes to purchase, from time to time, if it is considered advisable, up to 5,408,428 Preferred shares and 5,514,879 Class A shares of the Company, representing 10% of the public float of 54,084,287 Preferred shares and 55,148,797 Class A shares. As of May 15, 2023, there were 54,084,787 Preferred shares and 55,220,987 Class A shares issued and outstanding. The Company will not purchase, in any given 30-day period, in the aggregate, more than 1,081,695 Preferred shares or more than 1,104,419 Class A shares, being 2% of the issued and outstanding Preferred shares and Class A shares as of May 15, 2023. The previous NCIB which commenced on May 27, 2022 terminated on May 26, 2023. There were 230,600 (November 30, 2022 – 260,400) Preferred shares purchased for cancellation at an average price of $9.83 (November 30, 2022 - $9.64) per Preferred share during the year ended November30, 2023