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

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

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!
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Comment by slston Dec 21, 2021 3:37pm
178 Views
Post# 34251891

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:The heat is on!
Decent pick up in Volume and yet the price is lack lustre on a good day in the broader market.

Seems like, sellers dont want the capital gains for 2021, and would rather sell now and buy back later.  Someone is buying, and likely short sellers are easing out before the HEAT.

Expected the some special distribution would be necessary based on their results so far.  More like 20 cents.   Something is better than nothing.

Hopefully they raise the distribution soon, as its been a long wait.  The parent company gets most of it anyway.  Had they raised it BEFORE doing the debenture, the coversion price would have been much higher.  Surprise that management pesonally took the sweet heart debenture deal.  Seems like a conflict to me....
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Dealroom for high-potential pre-IPO opportunities