$5s is the time to load up!!!!!!!!!!!!!!!!!!!!!!!!!!Lots of investors were on sidelines with NWH due to dividend cut uncertainty. They may be ready to step in the $5's at a 6%+ dividend and potential for some recovery in unit price. I definitely expect SP to go down but lots of reits are trading for 5.5-6% yield still, and this isnt an office reit. I will be happy dripping while this reit is "corrected" from PDLs drunked overleveraging. The bazooka will be getting hundreds of millions crystalized to further repay high debt. I see a NCIB turned on when this happens, at the very least. And I wouldnt rule out a privitization after this reit is cleaned up a bit. BUY NWH ON MONDAY!!!!!!!
The Committee has engaged Canadian banks, Scotiabank and RBC Capital Markets, and international bank Deutsche Bank Securities, each as co-advisors to provide financial advisory services, and DLA Piper (Canada) LLP as legal counsel to the Committee.
The Committee and its advisors have received a broad range of enquiries from third parties, including expressions of interest and non-binding proposals regarding certain potential asset dispositions. The Committee, following consultation with its financial and legal advisors, has determined to explore, among other strategic initiatives, transactions involving the potential sale of all or part of Northwest's U.S. and/or Brazil property portfolios.