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Bullboard - Stock Discussion Forum Morguard North American Residential Real Estate Inv 6 00 Convertible Unsecured Subordinated Debentures T.MRG.UN


Primary Symbol: T.MRG.DB.B Alternate Symbol(s):  MNARF

Morguard North American Residential Real Estate Investment Trust (the REIT) is an open-ended real estate investment trust. The REIT owns, through a limited partnership, interests in Canadian residential apartment communities, located in Alberta and Ontario, and United States residential apartment communities located in Colorado, Texas, Louisiana, Illinois, Georgia, Florida, North Carolina... see more

TSX:MRG.DB.B - Post Discussion

Post by pierrelebel on Oct 24, 2023 4:27pm

Distribution Increase!

The REIT has also announced it will increase its annual cash distribution by $0.02 per Unit (2.78%). The increase is expected to be effective for the November 2023 distribution, payable in December 2023 . This will bring the distributions to $0.74 per Unit on an annualized basis from the current level of $0.72 per Unit.
Comment by TimeTooSoar on Oct 27, 2023 11:58am
More would be nice but results looked solid and they been buying back a lot of stock. 
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