Post by
Tealeaf1 on Jun 16, 2016 2:44pm
SHare Price Drop Explanations?
Now that the Wind Ups of this and the Sr have been approve, any feedback on why the dump.
I see volume was high yesterday
Comment by
Pandora on Jun 16, 2016 3:04pm
Now that the wind up has been approved what does it really mean and where do we go from here? I see they elected the board for another term and voted in a rights plan -- all that sounds contrary to a wind up so I guess I don't really understand what's going on.
Comment by
Tealeaf1 on Jun 16, 2016 5:52pm
I guess we have to find out who sold a large block which would explain the droop. As for going forward, I somehow wonder about the Divs sustainability unless they start paying us out of Capital more and more. I can also see Trez buying back their own shares as announced in May, almost same as taking over the assets, which I would prefer frankly. Anyone dug that far yet?
Comment by
ArbProfit on Jul 05, 2016 12:49am
There's not much downside now that the wind-up has been approved. Capital will be returned to shareholders as loans mature. Check page 12 of the information circular for the loan maturity schedule. https://www.trezcapital.com/mortgage-investment-funds/trez-capital-mortgage-investment-corporation/tzz-downloads.aspx
Comment by
Pandora on Sep 06, 2016 5:40pm
Well I guess today's announcement on the special dividend shows I made the wrong decision (again). Nice payout relatively speaking. Congrats to those that were smart enough to hold.
Comment by
ArbProfit on Sep 07, 2016 8:50am
The special distribution is for TZS, not TZZ. It's also just a return of capital from matured mortgages, so the book value will be reduced equal to the distribution. They will continue to return capital to shareholders as loans mature, to complete the "orderly wind up plan".
Comment by
Pandora on Sep 07, 2016 10:39am
My apologies. Guess I have to pay more attention when I read. I saw the "Trez Capital" and never thought about the Senior part. Sorry if I misled anyone.