dividen reinvesment pricing, page-6

MJS, my understanding is that DRP is at 10% discount to MARKET price not unit price. This represents a 35% discount to NTA and is not too bad.
My concern was that LRF would continue buyback during pricing period which would help them to inflate DRP price. Normally most companies suspend buyback activity during DRP pricing periods. I emailed LRF and received a response the next day ( Contrarian please note - I must be the lucky one)advising that buyback would continue. Although initially disappointed I note that buy back activity has been moderate in recent days.

On this basis the capital management deal which allows us to sell back 5% of units at 10% discount is OK - not enough to get rich but at least a small win. Whilst the $$$'s are not that big,it means that you can receive DRP at 35% discount to NTA and sell back some of them at a 10% discount to NTA.

If I have got this wrong apprec feedbak