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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.


OTCPK:SMMCF - Post by User

Summit Industrial Income REIT Unit > Summit to be acquired by Dream Industrial & GIC
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Comment by CanSiamCypon Nov 07, 2022 12:54pm
113 Views
Post# 35079313

RE:RE:RE:RE:RE:RE:RE:RE:RE:Summit to be acquired by Dream Industrial & GIC

RE:RE:RE:RE:RE:RE:RE:RE:RE:Summit to be acquired by Dream Industrial & GICDaniel ... your analysis is spot on!

As luck would have it, we have been fully invested in SMU, DIR, NXR, and PRV - all of which are benefitting today as a result of the SMU/DIR Industrial acquisition. Go Team Industrial!

As per several other posts earlier today, I too am surprised that so much money is being left on the table by those selling their units today (currently 5.47M units sold; current market price $22.52 - meaning 4.35% being left on the table for anyone who buys in at today's price). I would think that 4.35% between now and closing at the end of Q1 2023 (at the latest) is a decent return. I will not sell prematurely .... unless the market price comes up to the $23.50 offer price.

Cheers!


DanielDarden123 wrote: I should have provided my rational in the previous post. Nevertheless, most manager’s mandates provide a maximum % of a single holding. GRT and DIR are likely already at or near max because of their size and liquidity. That will dictate where they look. NXR and PRV should benefit with NXR the main beneficiary of new money entering IMO.


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