Summit Industrial Income REIT Unit SMMCF

RE:Tough Decision

[maypeters]

Did you end up selling ? 

Sold mine today (6000+ shares) at 22.71

The $2 - $2.10 in oridinary income (interest) was a dealbreaker being taxed at 52% inside the corporate account. 

Made money with the first iteration - now the second. Hope they start a third Summit. 

DIR is good option (have 11K shares) - have smaller position in Nexus. 

GLTA

Steamo wrote: Tempted to get out now that they're no longer paying a dividend and reinvest in Dream Industrial REIT while the yield is still juicy.

On the other hand if the market goes south in Q1, it's a nice hedge if you hold on as you know you'll get an extra $1 per share unless the deal follows through (seems unlikely).  And then get an even juicier yield when you reinvest.

Decisions, decisions.