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

Asset Management Fees is not based on Share price

[Predator2018]

The lower the share price, the more massive the dilution or shares issuance for asset management fees.

[InvestSmarter]

The issuance is at full NAV, not trading price.

[colombuss]

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[rodbhar]

Assets are not three times equity.

[DJ441c]

nav  31$  acc to  company   what  gives?     need  res  rentals to come on line quickly as per the last  q report 

[colombuss]

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[rodbhar]

It's pretty normal to have construction debt when you build. The management fee is based on invested capital so none of these construction loans has any bearing on fees payable.

[colombuss]

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[rodbhar]

I have read it. Copy and paste the text you think is relevant.

[colombuss]

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[rodbhar]

The base management fee in 2022 and 2021 was about $6M. Calculated as 1% of assets, therefore, the asset base is $600M, which is consistent with the balance sheet values of their income properties and equity accounted investments ($384M and $386M for 2022). This doesn't include construction financing.