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

Almost 70% owned by Insiders & MRC

[Predator2018]

Why this company is still public baffles me. The impact will be short. It will drop but will rebound because the some of the latest parameters like FFO and rental collection percentage were awesome. Stock traded based on future and as covid unwinds and stores. & malls open again, it will rebound. Glad I sold most of my holdings and reduced my stake in it. Will load up again if it drops a lot tomorrow.

[canadian]

My guess is MRC want to steal MRT at a lower price (taking private).

[Shirtlessnomore]

That's an unlikely scenario as they were better off accumulating shares at the higher dividend amount, the share price wont drop 50% so as far as MRC getting anything it will now be in fact more expensive.

[canadian]

valid point. But why don't they suspend DRIP?

[Shirtlessnomore]

The drip saves a ton of $$$ ..

[canadian]

It will save money but suspending DRIP will stop issuing new shares at current low price.

[Shirtlessnomore]

There is no doubt that the higher the price gets the higher the drip average, perhaps that 2 cents a share is used to bring that share price up via buyback. It's going to take a long time tho, the current state of everything with respect to closures etc not too mention what businesses dont make it thru this is a huge unknown. For now the cut with the drip preserves cash and cuts drip shares in

[canadian]

will be adding more if it falls