TSX:DIR.UN - Post by User
Comment by
CanSiamCypon Oct 13, 2021 7:43pm
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Post# 34003354
RE:Another new issue....this one at $16.50
RE:Another new issue....this one at $16.50Right on, Felix!
The other thing to note is that - despite the DIR.un unit price rising by 2.4% today (which is amazing in and of itself) - the offering price of $16.50 represents a discount of only 3.2% relative to the day's close of $17.04. I have never seen such a low discount on a secondary offering of REIT units - usually in the 4-5% range. This demonstrates the intrinsic value recognized within this REIT. Cheers!