Morguard Real Estate Investment 5 25 convertible unsecured subordinated debentures T.MRT.DB.A

Alternate Symbol(s): MGRUF | T.MRT.UN

Real Estate REIT - Diversified

Morguard Real Estate Investment Trust is a Canada-based closed-end real estate investment trust. The Company provides real estate advisory services and portfolio management services, specializing in publicly traded equities and fixed-income securities, to institutional clients and private investors. The Company owns a diversified portfolio of 46 retail, office and industrial income-producing properties in Canada consisting of approximately 8.2 million square feet of leasable space. It owns and manages a diversified portfolio of office, industrial, retail, multi-suite residential and hotel properties in North America. It is a significant sponsor of two real estate investment trusts (REITs): Morguard REIT, a closed-end Trust with a diversified portfolio of Canadian commercial real estate assets; and Morguard North American Residential REIT, an open-end Trust with a diversified portfolio of multi-suite residential assets across North America.

TSX:MRT.DB.A - Post by User

Morguard Real Estate Investment 5 25 convertible unsecured subordinated debentures > The heat is on!

<< Previous

Bullboard Posts

Next >>

Comment by HermannHalleron Dec 20, 2021 1:42pm

199 Views

Post# 34247564

RE:RE:RE:RE:RE:RE:The heat is on!

I'm not sure about this. Maybe the shorts are liable for more shares after the special div, but then the stock is immediately consolidated. Since it happens simultaneously, I don't think a short is liable for anything additional. Similar situation with a stock split, it doesn't matter to the short seller.

Please share if you get any 'official' answer from IR. thx.

Slimax wrote:
Shorts have to purchase the equivalent of the distribution of units.

That's why :

Assuming someone has 10,000 units and the price is $ 5 (to make calculations easier) at December 31: He will receive 10,000x0.10 / 5 = 200 units, Then immediately there will be consolidation as 10,000: 10,200

Therefore Shorts must deliver around 2% x2.4M units (that they must purchase) otherwise some holders (which units are lent and shorted) will not be able to have the same number of securities after consolidation as before distribution.

Note: I'm sure of this as I called the investor relations department yesterday to get a better understanding.