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 > Daniel Drimmer Cook the Crook

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Comment by pierrelebelon Apr 12, 2024 1:21pm

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Post# 35986135

RE:RE:RE:Daniel Drimmer Cook the Crook

giovinco wrote "... Just pay the f**king dividend."

Unfortunately, TNT does not pay dividend. They used to pay a monthly distribution which was 100% return of capital.

In other words unitholders were getting their own money paid to them every month. Unless held in a trust account that distribution lowered the original cost creating a potential capital gain, even if the price of the units did not go up.

We are all better off with the same money being used to buy back units. We all win.

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