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Lanesborough Real Estate Investment Trust V.LRT.UN

Lanesborough Real Estate Investment Trust (The Trust) is a Canada-based closed-end real estate investment trust. The investment properties of the Trust operate through three segments: Fort McMurray Properties, Other Investment Properties, and Held for Sale and/or Sold Properties. Its Fort McMurray Properties include 10 properties. Its Other Investment Properties includes three properties. It’s Held for Sale and/or Sold Properties includes four properties. The Trust's property portfolio consists of 13 rental properties, encompassing 12 multi-unit residential properties, including the unsold condominium units at Lakewood Townhomes.


TSXV:LRT.UN - Post by User

Lanesborough Real Estate Investment Trust > Debentures are paying full interest
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Comment by alkhoron Dec 15, 2021 4:42pm
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Post# 34234518

RE:RE:Debentures are paying full interest

RE:RE:Debentures are paying full interestWhen you purchase a debenture on an exchange you pay the seller the price of the debenture plus all accumulated interest. Since LRT has not paid any interest on the debentures for some years, the amount of the interest is owing for all those years by the buyer to the seller. Per the news release, LRT was going to pay about 30% interest in units at the conversion, but my brokerage charged closer to 70%. 93,000 units cost me about $72,000.
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