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cid catalyzed condensation of N-alkyltripyrranes with trialdehydes derived from 1,3-cyclopentadiene or methyl-1,3-cyclopentadiene, followed by oxidation with aqueous ferric chloride solutions, gave 23-alkyl-21- carbaporphyrin-2-carbaldehydes in 22−27% yield together with weakly aromatic oxycarbaporphyrins. The carbaporphyrins reacted with palladium(II) acetate or nickel(II) acetate to give organometallic complexes but in both cases alkyl group migration took place to generate 21-alkyl derivatives. Although this type of reactivity had been observed previously for palladium complexes, this is the first time the phenomenon has been seen in nickel(II) carbaporphyrins. Reactions with nickel(II) acetate in refluxing DMF for longer time periods primarily led to decomposition but unusual byproducts were identified. These could be obtained in higher yields by reacting the carbaporphyrin aldehydes with 5 equiv of (bis(trifluoroacetoxy)iodo)benzene in the presence of grade 3 alumina. Decarbonylation and oxidation generate a trioxocyclopentane moiety that is embedded in the porphyrinoid macrocycle. The new system has strongly aromatic properties that are evident from the proton NMR spectra, nucleus independent chemical shift (NICS) calculations and anisotropy of induced ring current plots.