True North Commercial REIT TUERF

Primary Symbol: T.TNT.UN

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 > Funds for buying on the NCIB should run out soon

<< Previous

Bullboard Posts

Next >>

Comment by garyreinson Mar 14, 2024 9:37pm

55 Views

Post# 35934077

RE:Funds for buying on the NCIB should run out soon

Not sure what you mean- they specifically said at the onset they woudl redirect all distribution amounts to the NCIB. So if they were paying ~8m a month in dividends it was going to the NCIB.

I assume they will find a way to go to 10% or maximum allowance.

<< Previous

Bullboard Posts

Next >>

Drilling company poised to capitalize on market conditions