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

Scarborough Junction?

[InvestSmarter]

I read on another forums Scarborough Junction is being approved right now, and may add 50M Fair Market Value due to density for the portion we own. That is nearly 50% of current trading market cap. Maybe we will hear something on the conference call to get more clarification.

[ScroogeMcDuck1]

Exciting.  So is this a chunk of land that mpct owns that will be sold to developers, or is this a site that dream will build on and sell units?   

[ScroogeMcDuck1]

Yeah just looked at their q2 23 presentation and they state 55million is $3.25 in share price.  Insanity.

[ScroogeMcDuck1]

However not sure what value is currently in the nav dor this site.  Is this for sure newly surfaced value?  I guess we await earnings 

[InvestSmarter]

It is under the equity accounted investments, under "other". Lumped in with a bunch of other properties. There is almost no value in the current NAV on the Q3 report for this development. MPCT won't add the NAV until the density is officially approved. That will be a very large mark up, nearly half the current trading price. At current adjusted NAV in Q2 2023 of about $31+, trading