True North Commercial REIT T.TNT.UN

Alternate Symbol(s): TUERF

True North Commercial Real Estate Investment Trust (the REIT) is a Canada-based unincorporated, open-ended real estate investment trust. The REIT’s primary objective is to maximize total returns to its unitholders. Its returns include a stable, reliable, and tax-efficient monthly cash distribution as well as long-term appreciation in the value of its units through the effective management of a portfolio of commercial properties. The REIT is focused on creating value for unitholders through the investment in and ownership of commercial properties in Canada. The REIT owns and operates a portfolio of approximately 44 properties consisting of approximately 4.8 million square feet in urban and select strategic secondary markets across Canada. Its properties include 9200 Glenlyon Parkway; 36 and 38 Solutions Drive; 1595 16th Avenue; 855 8th Avenue SW; 5775 Yonge Street; 6 Staples Avenue; 845 Prospect Street, and 551 King Street.

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True North Commercial REIT > Follow the billionaire

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Post by flamingogoldon Dec 01, 2023 1:52pm

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Post# 35763950

Follow the billionaire

The strategy employed here is sound. Give it time. The NCIB was halted and DD stopped buying when it became apparent the shorts had this under their thumb and the only way out for the company was to cut the distribution and consolidate, then re-initiate the buyback in full force with every penny possible. Not all consolidations are bad. I went through it with BBD and after a brief selloff it motored up to annual highs.

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