RE:Don't sell FFN, buy more.Special Retraction Right which will allow existing shareholders to tender one or both classes of Shares and receive a retraction price based on the November 29, 2024 net asset value per unit.
Yes, it makes sense "Don't sell FFN, buy more" FFN at market price. Quadrawest knows how many FFN shares are under retraction, as of november 1st. They might be buying back the shares at the market until Nov 29th and bring up the market price close to NAV. This way they do not have to pay as much at retraction (NAV minus Market price) and thy do not have to consolidate much of the FFN equity shares either.
Even it make sense to buy back FFN at present price for those who have tenderd for retraction.
Does it make sense?
Note: If FFN moves towards the NAV, FTN might do the same.