Dream Impact 5 50 Convertible Unsecured Subordinated Debentures T.MPCT.DB

Alternate Symbol(s): T.MPCT.DB.A

Dream Impact Trust is a Canada-based open-ended trust dedicated to impact investing. The Company operates through two segments: Development and investment holdings, and recurring income. The Development and investment holdings segment comprised direct and indirect investments in residential and mixed-use developments, a hospitality asset, and participating mortgage receivables. The Recurring income segment comprised a portfolio of commercial real estate income properties and multi-family rental assets in the Greater Toronto Area (GTA) and Ottawa/Gatineau, a utility asset, and interest-paying corporate loans. The Company is managed by Dream Asset Management Corporation (DAM).

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Dream Impact 5 50 Convertible Unsecured Subordinated Debentures

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Comment by mtsuiton Jun 20, 2016 1:19pm

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Post# 24980542

RE:Pros and Cons

Not getting much attention because Scotia dumped the only analyst who covered DRA, but value enhancing measures at other Dreams could bring big benefits to DRA.

Dream Office has put up all of its non-CBD Ontario properties for sale. DRA is a joint owner of a bunch of these so if they sell, then DRA will realize the fair value of those assets.

Dream Industrial is rumored to be for sale and DRA has a bunch of properties in JV with them so that could be a another opportunity to realize fair value.
https://ca.reuters.com/article/businessNews/idCAKCN0Z22DG?pageNumber=2&virtualBrandChannel=0&sp=true

If these sales are executed then DRA could become a more unique investment company focussed on land (via debt), development (debt and equity), and renewable power (equity).

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