Snapshot Files deleted when “@immediate_sync = N’true'” and “@retention = 0”.
As mentioned in previous post the @immediate_sync = N’true’ allows you to add a new Transactional Replication subscriber anytime during the Retention Period as both the Snapshot files on disk and the “cached” transactions stored in the distribution database will be available to bring a subscriber up-to-date with the Publisher. One small catch: SQL Distribution
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