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Bullboard - Stock Discussion Forum
Summit Industrial Income REIT Unit
SMMCF
Financial Services
Real Estate
REIT - Industrial
Summit Industrial Income REIT is a Canada-based mutual fund trust. The Trust is involved in the commercial leasing of real estate property with property locations in Ontario, Western Canada, Quebec and Atlantic Canada. The company is focused on the light industrial sector of the Canadian real estate industry.
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Bullboard (OTCPK:SMMCF)
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(7)
•••
BBAccount001
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Comment by
BBAccount001
on Nov 14, 2022 1:25pm
RE:Termination Payment
Thanks. I think that's pretty good incentive to close the deal.
(50)
•••
DanielDarden123
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Post by
DanielDarden123
on Nov 14, 2022 12:40pm
Termination Payment
then the Purchaser shall pay or cause to be paid to, or as directed by, the REIT an amount equal to one hundred and sixty million dollars ($160,000,000) (the “Purchaser Termination Payment”) by wire
...more
Fintech Select LTD. Publishes Results for Fiscal Year 2023
posted May 01, 2024 9:00am by
Fintech Select Ltd.
-
|
Under the leadership of Fintech Select's management, the Company achieved a significant milestone in revenue generation, reaching $3,822,182 for fiscal year 2023, compared to $2,587,867 in 2022. Management is confident this 47% increase on a year-over-year basis ...read more
(7)
•••
BBAccount001
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Comment by
BBAccount001
on Nov 14, 2022 11:46am
RE:two questions
1) I didn't notice any mention of a breakup fee so in theory they could walk away 2) The 4% return we thought we'd make on the merger arbitrage turns into 1% - This is why the price is not $23
...more
(207)
•••
materialsgirl
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Post by
materialsgirl
on Nov 11, 2022 5:22pm
two questions
*** Is there a penalty if the buyers back out? *** distributions are cancelled. What happens if the deal takes 12 to 24 months to close? mat
(0)
•••
PressRelease
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Post by
PressRelease
on Nov 09, 2022 5:19pm
New Press Release - Summit Industrial Income REIT Reports Third Quarter 2022 Financial Results
TORONTO, Nov. 9, 2022 /CNW/ - Summit Industrial Income REIT ("Summit" or the "REIT") (TSX: SMU.UN) announced today continued growth and strong operating performance for the three and nine months ended September 30, 2022.Q3 2022 HIGHLIGHTS FINANCIAL:Revenue from investment properties increased by...
read article.
(20)
•••
junglejames
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Comment by
junglejames
on Nov 09, 2022 9:07am
RE:RE:RE:RE:RE:RE:Still stuck at $22.50!
This is the second time a Summit REIT has been acquired. Two of my better investments. Had this one on DRIP in our RRSPs since 2016. (Took the cash in the TFSA swhen it crested $21
...more
(18)
•••
jimitwist
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Comment by
jimitwist
on Nov 09, 2022 8:04am
RE:RE:RE:RE:RE:Still stuck at $22.50!
Another consideration to sell now is the generally depressed prices is the market. Many shares are selling at a discount to where they will be when the deal closes in (February?). Also a consideration
...more
(4)
•••
maypeters
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Comment by
maypeters
on Nov 08, 2022 1:20pm
RE:RE:RE:RE:Still stuck at $22.50!
CSC - no worries. I think folks may sell and lock in the profit for couple of reasons: 1. They have a capital loss and can square off the loss with gain on SMU 2. Do the above and also
...more
(87)
•••
geric
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Comment by
geric
on Nov 08, 2022 12:55pm
RE:RE:RE:RE:Still stuck at $22.50!
Thanks to both for the input. I only hold these in registered accts so no tax. My consideration for selling is to move the gains I have into NXR which has a higher distribution to begin
...more
(97)
•••
CanSiamCyp
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Comment by
CanSiamCyp
on Nov 08, 2022 11:52am
RE:RE:RE:Still stuck at $22.50!
May: Sorry buddy .... I did not read your reply to geric before I tossed in my 2 cents worth. I agree with everything that you wrote. In other take-out cases, I have seen the market price rise above
...more
(97)
•••
CanSiamCyp
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Comment by
CanSiamCyp
on Nov 08, 2022 11:47am
RE:RE:Still stuck at $22.50!
Geric: Thanks for your share! However, you might want to rethink your math. The SMU press release stated that the deal would close during Q1 of 2023. So today is 8 Nov ... let us speculate that the
...more
(4)
•••
maypeters
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Comment by
maypeters
on Nov 08, 2022 10:34am
RE:RE:Still stuck at $22.50!
I wonder if the suspension of the DRIP some months ago had to deal because they were in advanced talks for the buyout. As the weeks go by and we are closer to settlement of the deal the price
...more
(87)
•••
geric
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Comment by
geric
on Nov 08, 2022 10:22am
RE:Still stuck at $22.50!
I have a feeling it will not move much higher from this range. The 4+% to hold to closing of the deal minus the suspension of the distribution is likely a factor. Better return on a GIC
...more
(97)
•••
CanSiamCyp
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Post by
CanSiamCyp
on Nov 08, 2022 10:01am
Still stuck at $22.50!
Any insights? Haver never seen such a divergence given that this is a done deal! Cheers!
(5545)
•••
retiredcf
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Post by
retiredcf
on Nov 08, 2022 7:32am
Analyst Reactions
A group of equity analysts on the Street revised their recommendations for Summit Industrial Income REIT after Monday’s announcement of its $4.5-billion sale to GIC
...more
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