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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 > Proxy Vote
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Comment by Cbcdistressedon Apr 24, 2022 10:46pm
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Post# 34627947

RE:RE:RE:Proxy Vote

RE:RE:RE:Proxy VoteHe will not get back to you. No one cares, you should realize that the board is pretty much shelter appointed and the CEO is also in bed with them.

As to why they would want the units, they want them to benefit from the turn around of the economic in the fort Mac region. The same reason you hold the shares. Shelter provided 100+ million to the company during the tough time and they expected to be rewarded big! Not the pathetic 2% interest yield on the loans.

Don't be naive...They will convert $100 million in to Units eventually, your compliant to the board or CEO will just make it happen sooner. 
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