Artis Real Estate Investment Pref Shs Series E T.AX.P.E

SOMETHING STINKS HERE.

[garyreins]

$5.70 and down 20% in 6 weeks.  What could manji possibly have in store thats this bearish...

[EstevanOutsider]

lots of people think taht way given what happened with other reits so they are capitulating ahead of the potential cut tonight. people like us who follow it dont think it happens but those who dont' follow so closely do. the risk is pretty high as i expect a 20% drop tmrw if manji cuts the distribution, especially given the language he used what seemed to suggest he was confident in his

[Frankie10]

Samir is going to play an UNO reverse card - cut distribution and the unit price is going to go up... because the cut is accompanied by a SIB! Not my base case, but closer to what I think is going to happen than what most folks are saying. 

[EstevanOutsider]

That is my line of thinking too and only way I see a cut coming.

[garyreins]

So hes saving 30m in a dividend and using 100m to SIB shares for $7 bucks. Hardly a bullish outcome for any share holder unless they convey a bold strategic review plan to go along