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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Post by ScroogeMcDuck1on Oct 23, 2023 4:41pm

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Post# 35697062

Mind boggling

Lets flush out whats going on here....They state 16.63 nav on the current recurring income portion of the portfolio. So let me get this straight.... at current price its Valued at 33% of the income producing properties with all the development land thrown in for free? How does any of this make sense? I get that the distribution is not covered, and they want to sell some land for development funds. Its a wip entitiy but Inwould think the value is far higher then where we are. Is this retail capitulation, or legitimate accurate valuation at this point?

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