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

SHORT POSITIONS as at May 5 is 2,170,709 shares

[Predator2018]

2,170,709 shares shorted. 

Can I see a SHORT SQUEEZE!!!!

SHORT SQUEEZE can send it to $10

[ariesleaf]

Steady as shes goes.

[Shirtlessnomore]

Definitely the heat is on! Cheers

[flamingogold]

I am playing this because it's a steal. A short squeeze would be a bonus but I'm not betting on it.

[HermannHaller]

I think MRT.UN getting a boost from the prospect of MRC doing a refinancing. Likely the MRT.DB get called. Morguard Corporation Announces Filing of Final Base Shelf Prospectus NEWS PROVIDED BY Morguard Corporation  May 07, 2021, 12:53 ET SHARE THIS ARTICLE  

[slst]

Unlikely the Parent will do an Equity issue below the Book Value of Canadian Real Estate. Perhaps another Convertible debenture at lower rates. They could be trying to do what Brookfield did and take out the minority Shareholders of the subsidiary (Mrt.un) at a large premium to its stock trading price and still be at a discount to Book Value, and also a discount to Net Asset Value. Short

[HermannHaller]

I agree, there is no chance they do an equity issue. Probably debentures, as both MRC and MRT.UN have debs due this year. The shelf prospectus is for up to $600 million in new financing. They could buy out the rest of MRT.UN at $8 for less than $200 million. Fun to dream!

[Shirtlessnomore]

Well it's clear they want ALL the shares, that's impossible to dispute which leaves it as simple as this, what better time to finish the job?