First Capital Real Estate Investment Trust FCXXF

Distribution Cut $0.0716 to $0.036

[mydividends]

Blindsided... no warning what so every from management regarding this cut... tomorrow will hurt 

https://www.newswire.ca/news-releases/first-capital-reit-announces-temporary-reduction-in-distributions-to-unitholders-to-advance-real-estate-strategy-while-strengthening-its-financial-position-837651784.html

[savyinvestor333]

When Riocan cut the divi by 33% the share price did not really drop. Hope the same thing happens here.

[Shirtlessnomore]

That is true to a point, it dropped hard but bounced back later in the day however that cut was by this is in half. We'll see how it goes but out of the blue like this will likely see a fair amount of lemmings jumping, I'll likely be a buyer.

[Shirtlessnomore]

Not sure how my one third part was missing but correction should say REI cut by one third, this cut is half.

[TimeBuilder]

copy of NR  :>((   >>> First Capital REIT Announces Temporary Reduction in Distributions to Unitholders to Advance Real Estate Strategy While Strengthening its Financial Position CNW Group - CND - Tue Jan 12, 4:01PM CST     First Capital REIT ("First Capital" or the "REIT") (TSX:FCR-UN.TO), announced today the