Bullboard - Stock Discussion Forum 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... see more

Add To Watchlist

TSX:TNT.UN - Post Discussion

True North Commercial REIT > TNT

View:

Post by ARGONOT on Mar 15, 2023 11:47am

TNT

DISTRUCTION.NO JOKE.glta

254

Comment

Comment by JocetooBad on Mar 15, 2023 11:58am

Yeah, that was brutal. I was expecting a dividend reduction, but this is a massive cut. Will take years to recup my losses. Around 7% div yield will be more aligned with other REITs though, now that the price of the stock has crashed.

109

Comment

Comment by CanSiamCyp on Mar 15, 2023 12:24pm

Hey JocetooBad: It is a brutal cut ... and when u read their news release, the dumb a$$e$ make it sound like they're proud they have come up with such a fantastic way to ensure unitholder value. LOl! With friends like this who needs enemies! As I said in my much earlier post, they could have softened the blow and minimized the damage to the unit value if they had at least announced - as part ...more

164

Comment