While there may be a bit of post-allocation sell down by people...

While there may be a bit of post-allocation sell down by people rebalancing their portfolios, the market price discount to NAV has been in existence for some time. If I take 1 random date over the past 12 months and exactly 12 months ago:

Date: 7/8/20
Closing Price: $1.795
NAV: $1.8577
Discount: 3.375%

Date: 30/3/20
Closing Price: $1.57
NAV: $1.7422
Discount: 9.88%

My comment regarding a strategy to close this gap wasn't meant to be to do something "now" but to try to do something over the next 12 - 24 months, as you point out. Hopefully the buyback will help. A strategy that involves issuing new units to holders at a price of $1.7383 and then continuing to engage in a buyback that is buying back those same units at a current market price of $1.62 has some merit.