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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 16, 2021 10:37am
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Post# 34236654

RE:RE:RE:RE:RE:RE:Debentures are paying full interest

RE:RE:RE:RE:RE:RE:Debentures are paying full interestMy broker has changed my purchase to to exclude the interest today. They haven't changed the sale yet so it looks like I have a lot of extra cash but that will change soon. I thought this was the case but when it showed the purchased costing an extra $70,000, as I said I paniced. I felt lucky to only lose $16.

merriam wrote: Who was your broker?  I sold some the other day, through Scotia, and they initially showed that my cash balance had increased by thousands, mostly interest, but on settlement date, they corrected it, removing the interest, and leaving me with hundreds instead of thousands.

Over the past few years, it has been trading on an interst flat basis instead of the usual accrued interest basis.  My experience is that most brokers do not understand this, and even their back offices stumble over it.  So mistakes are to be expected.

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