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Bullboard - Stock Discussion Forum Artis Real Estate Investment Pref Shs Series E T.AX.PR.E

Alternate Symbol(s):  T.AX.UN | ARESF | T.AX.PR.I

Artis Real Estate Investment Trust is an unincorporated closed-end REIT based in Canada. Artis REIT's portfolio comprises properties located in Central and Western Canada and select markets throughout the United States, including regions such as Alberta, British Columbia, Manitoba, Ontario, Saskatchewan, Arizona, Minnesota, Colorado, New York, and Wisconsin. The properties are divided into... see more

TSX:AX.PR.E - Post Discussion

Post by garyreins on Jun 21, 2024 11:55am

THEORY

Guy on prv board suggests capital gains inclusion rate from 50 to 66% is the culprit, as many big investtors with millions invested are trying to save some money, which comes into effect today.

while not a smoking gun, given the timing, it makes some sense

count on truduea to ruin things

tsx under same pressure all june
Comment by Torontojay on Jun 21, 2024 12:14pm
Yes Gary, that could be a partial explanation. Also, the market may be expecting lower earnings ahead as another explanation. 
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