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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

TSX:TNT.UN - Post Discussion

True North Commercial REIT > NOW WE KNOW WHAT THE NCIB WAS STARTED
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Post by thenewsnake on Dec 04, 2023 10:08pm

NOW WE KNOW WHAT THE NCIB WAS STARTED

Exit liquidity for the board of trustees.  they should all  be  dismissed from their positions. what kinda of confidence does this inspire.
Comment by SIGG1 on Dec 05, 2023 8:04am
probably tax loss selling like everybody else, I'm not losing confidence over it, but of course thedirtysnake is trying to cause people to panic over it....
Comment by Ladislav3 on Dec 05, 2023 9:52am
Tax loss selling doesn't make sense because half the sales were from Tracey's RRSP.  While this is a complete liquidation of her holdings, she also retired earlier this year and her holdings were not particularly significant.
Comment by ckwong on Dec 05, 2023 10:00am
OK. Soneone is dumping. So what. The share price is rising.If the dumping means investors are running away, who the hell pays more to buy more? NCIB is not the major buyer.
Comment by garyreins on Dec 05, 2023 11:10am
These people must be dmb to cash out during peak tax loss selling if there's no intention to buy back in.. that or something very bearish is taking hold in their company 
Comment by impega on Dec 05, 2023 11:26am
Garyreigns if you suspect bearish developments here you should trust your gut instincts and sell. Take a look at PRV.UN for a recovery play. They are executing lease renewals at some substantial spreads and occupancy is over 98%.
Comment by garyreins on Dec 05, 2023 12:54pm
Good day,  I own 10x more prv than tnt already. Liquidating tnt when it's basically worthless already seems like a bad idea
Comment by flamingogold on Dec 05, 2023 8:31am
b.s. statement. The NCIB is utlilized to the max every day for the company's benefit, not for a few employees... and I stress "employees" regardless if they are on the board or not. Follow the billionaire, not a lowly employee. 
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