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.

TSX:TNT.UN - Post by User

True North Commercial REIT > NCIB

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Comment by luscar99on Apr 16, 2024 7:57pm

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Post# 35992762

RE:RE:NCIB

They are allowed about $1.49 million units under the new NCIB.
At 16k per trading day, that's 93 trading days. Meaning roughly 20 weeks.
But I don't think the trading volumes will allow it.

The pace of buybacks will be determined by trading volume and price.
If I'd be them I wouldn't increase the volume. It appears there are still quite a few people willing to sell under $10. Today those fellows have sold half a million bucks worth of shares and were happy to get $8.31-$8.61 per share. If it takes so little to make them happy why offer them a higher price ?

And then need to make some room for DD's buys on the open market.

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