Initiate NCIB and cancel ATM As previously indicated I've held Dream Industrial since the initial IPO. In March 2022 I received 258 DRIP shares. In July my DRIP increased to 311. So, I have considerable $, in this company. With the share value as low as it it, I estimated my DRIp shares will increase to 350 for September 2022 I have no interest in selling. But!!, as I said back in March, there is an over allotment of shares in this company.
This company has to initiated an NCIB for a minimum 5% of the outstanding shares. They also have to cancel the ATM.
Although Blackstone is having there own issues right now. I can see them at the trough right now gobbling up these cheap shares. And they are cheap considering that Blackstone deals in US$.
on a positive note. It's great that Dream is building their own warehouses. With the sq footage probably reaching 50 Million this year.
On a positive note, I just picked up another 1,000 shares at $12.50