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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).


TSX:MPCT.DB - Post by User

Comment by InvestSmarteron Feb 12, 2024 6:37pm
298 Views
Post# 35876502

RE:buybacks

RE:buybacks

They are putting 2 office properties up for sale, which will generate 25M in cash - no debt
One huge asset got density - Scarborough Junction. Very valuable. Little debt against it. This asset will go up for sale.
Working on 49 Ontario Deal - Worth about 45M in cash to MPCT. No details. Likely know more in 6 months
DAM is extending their management agreement to pay in units at or near NAV, not market trading price.

Replay Here

https://www.gowebcasting.com/events/dream-impact-trust/2024/02/12/fourth-quarter-2023-conference-call/play

ScroogeMcDuck1 wrote: Maybe they dont have the money for buybacks.  Anyhow, what was said on the call?   Would like to listen to it, not sure if its recorded somewhere?

 

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