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Bullboard - Stock Discussion Forum Summit Industrial Income REIT Unit SMMCF

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 Discussion

Summit Industrial Income REIT Unit > Thanks Summit out at $22.77
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Post by FairPlayBill on Nov 23, 2022 4:41pm

Thanks Summit out at $22.77

Must say it was nice to get home after work that day and see this was bought out, nice feeling when that happens.Decided today it was close enough to the $23.50 so now to decide where to put the proceeds.Everything seems like it's run up lately, Banks, market in general---Have tons of Nexus ---GLTA
Comment by CanSiamCyp on Nov 23, 2022 8:14pm
You must have found the exit door quite crowded today Bill .... cuz volume was 7.1 M units traded. There must be a lot of like-minded people taking their money off the table and then heading out the door to get a head start on their Xmas shopping! Cheers!
Comment by materialsgirl on Nov 23, 2022 8:16pm
You made a sensible decision. The chance of a higher bid is near zero. Plus the time to get your money may be 3 to 5 months. I loathe deals where the divi stops and there is a long long wait  for the drop dead date mat
Comment by junglejames on Nov 24, 2022 8:49am
I agree Mat. (Blackrock works the same way with their offers) Also the large block trades suggests to me that "known profits" are being transferred from funds (in house ETFs, and Mutual funds) to the "house" - essentially misappropriating guaranteed profits from retail investors.   No chance however that the OSC would ever check on that. - a good thesis project if ...more  
Comment by maypeters on Jan 11, 2023 6:34pm
Good you got out.  Mats says wise things :-). Cutting off the divvy is sad. 
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