Bullboard - Stock Discussion Forum 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... see more

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TSX:MPCT.DB - Post Discussion

Dream Impact 5 50 Convertible Unsecured Subordinated Debentures > my big concern

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Post by JosephM1 on Oct 19, 2023 9:53am

my big concern

is the trust being brought into Dream Unlimited at a big discount to NAV.

Equity as of June 30 is 27.36 per trust unit. NAV is 37.70.

At these prices! Hmmm, I am a buyer.

106

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Comment by JosephM1 on Oct 19, 2023 9:56am

31.70! Corrected.

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Comment by spacegimp on Oct 21, 2023 12:48am

How long before the income stream is large enough to cover the distribution ? I see they have another 3600 units coming online in the next few years but rising interest costs on that $270 million debt seems like it eats away all the profits. I couldn't find the construction loans listed on the md&a q2 , but assume they must be around $200 million and floating rate ?

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Comment by DJ441c on Oct 21, 2023 6:20am

This Impact structure is going to be a problem committing units to a low rent that won't cover costs need to pivot away from that model doesn't work in time of high interest rates

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