Join today and have your say! It’s FREE!

We will not release or resell your information to third parties without your permission.

Please Try Again

By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

Please Try Again

Password Hint : {{passwordHint}}

Remember me

Forgot Password?

News Focus

Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)

Bullboard - Stock Discussion Forum Summit Industrial Income REIT Unit SMMCF

Summit Industrial Income REIT is a Canada-based mutual fund trust. The Trust is involved in the commercial leasing of real estate property with property locations in Ontario, Western Canada, Quebec and Atlantic Canada. The company is focused on the light industrial sector of the Canadian real estate industry.

Add To Watchlist

Bullboard (OTCPK:SMMCF)

View:

Post by FairPlayBillon Nov 23, 2022 4:41pm

Thanks Summit out at $22.77

Must say it was nice to get home after work that day and see this was bought out, nice feeling when that happens.Decided today it was close enough to the $23.50 so now to decide where to put the ...more

277

Discussion

(0)
•••

Post by PressReleaseon Nov 22, 2022 4:43pm

New Press Release - Update on special meeting of unitholders to approve the proposed acquisition of Summit Industrial Income REIT by GIC and Dream Industrial Real Estate Investment Trust in C$5.9 billion transaction

TORONTO, Nov. 22, 2022 /CNW/ - Summit Industrial Income REIT ("Summit") (TSX: SMU.UN) today announced that it has mailed the management information circular (the "Circular") and related materials for the special meeting (the "Meeting") of its unitholders (the "Unitholders") to approve the...read article.

Sparta's ERS First to Add Advanced A.I. Nanotechnology in the Recycling Stream

posted Nov 14, 2024 9:00am by Sparta Capital Ltd.

"We are beyond excited about NeoSort. It has the potential to catapult the recycling process in a way we wouldn't have imagined just a few years ago. This nanotechnology can do something conventional recycling has been unable to master until now ...read more

Comment by BBAccount001on Nov 16, 2022 11:56am

RE:RE:RE:RE:RE:two questions

If the deal takes longer to close your annualized return will drop. The numbers I threw out were just for hyperbole.

126

Discussion

Comment by William32on Nov 16, 2022 11:43am

RE:RE:RE:RE:two questions

But why do you say t turned into 1% ?

Discussion

Comment by BBAccount001on Nov 16, 2022 9:21am

RE:RE:RE:two questions

on the day I wrote the post it was 4. Today it's 5. Tomorrow it could be 6.

Discussion

Comment by William32on Nov 16, 2022 9:00am

RE:RE:two questions

What do you mean by " The 4% return we thought we'd make on the merger arbitrage turns into 1%" ? There is currently a gap of ~5% between the closing price and the current share ...more

136

Discussion

Comment by BBAccount001on Nov 14, 2022 1:25pm

RE:Termination Payment

Thanks. I think that's pretty good incentive to close the deal.

Discussion

Post by DanielDarden123on Nov 14, 2022 12:40pm

Termination Payment

then the Purchaser shall pay or cause to be paid to, or as directed by, the REIT an amount equal to one hundred and sixty million dollars ($160,000,000) (the “Purchaser Termination Payment”) by wire ...more

181

Discussion

Comment by BBAccount001on Nov 14, 2022 11:46am

RE:two questions

1) I didn't notice any mention of a breakup fee so in theory they could walk away 2) The 4% return we thought we'd make on the merger arbitrage turns into 1% - This is why the price is not $23 ...more

110

Discussion

Post by materialsgirlon Nov 11, 2022 5:22pm

two questions

*** Is there a penalty if the buyers back out? *** distributions are cancelled. What happens if the deal takes 12 to 24 months to close? mat

190

Discussion

(0)
•••

Post by PressReleaseon Nov 09, 2022 5:19pm

New Press Release - Summit Industrial Income REIT Reports Third Quarter 2022 Financial Results

TORONTO, Nov. 9, 2022 /CNW/ - Summit Industrial Income REIT ("Summit" or the "REIT") (TSX: SMU.UN) announced today continued growth and strong operating performance for the three and nine months ended September 30, 2022.Q3 2022 HIGHLIGHTS FINANCIAL:Revenue from investment properties increased by...read article.

Comment by junglejameson Nov 09, 2022 9:07am

RE:RE:RE:RE:RE:RE:Still stuck at $22.50!

This is the second time a Summit REIT has been acquired. Two of my better investments. Had this one on DRIP in our RRSPs since 2016. (Took the cash in the TFSA swhen it crested $21 ...more

128

Discussion

Comment by jimitwiston Nov 09, 2022 8:04am

RE:RE:RE:RE:RE:Still stuck at $22.50!

Another consideration to sell now is the generally depressed prices is the market. Many shares are selling at a discount to where they will be when the deal closes in (February?). Also a consideration ...more

107

Discussion

Comment by maypeterson Nov 08, 2022 1:20pm

RE:RE:RE:RE:Still stuck at $22.50!

CSC - no worries. I think folks may sell and lock in the profit for couple of reasons: 1. They have a capital loss and can square off the loss with gain on SMU 2. Do the above and also ...more

151

Discussion

Comment by gericon Nov 08, 2022 12:55pm

RE:RE:RE:RE:Still stuck at $22.50!

Thanks to both for the input. I only hold these in registered accts so no tax. My consideration for selling is to move the gains I have into NXR which has a higher distribution to begin ...more

126

Discussion

The Market Update

< Previous bulletin

Next bulletin >

A daily snapshot of everything
from market open to close.

< Previous

Next >

Dealroom for high-potential pre-IPO opportunities

Become a member today, It's free!

Bullboard - Stock Discussion Forum Summit Industrial Income REIT Unit SMMCF

Bullboard (OTCPK:SMMCF)

Thanks Summit out at $22.77

New Press Release - Update on special meeting of unitholders to approve the proposed acquisition of Summit Industrial Income REIT by GIC and Dream Industrial Real Estate Investment Trust in C$5.9 billion transaction

Sparta's ERS First to Add Advanced A.I. Nanotechnology in the Recycling Stream

RE:RE:RE:RE:RE:two questions

RE:RE:RE:RE:two questions

RE:RE:RE:two questions

RE:RE:two questions

RE:Termination Payment

Termination Payment

RE:two questions

two questions

New Press Release - Summit Industrial Income REIT Reports Third Quarter 2022 Financial Results

RE:RE:RE:RE:RE:RE:Still stuck at $22.50!

RE:RE:RE:RE:RE:Still stuck at $22.50!

RE:RE:RE:RE:Still stuck at $22.50!

RE:RE:RE:RE:Still stuck at $22.50!

Featured News Links

Have you held units of a TD mutual fund (other than through a discount broker)? Learn more.

Geodrill Generates Revenue of $34.1M, a 13% Increase Compared to $30.3M for Q3-2023

Gold, growth and sustainability in focus for this resource company

Star Diamond Corporation Announces Third Quarter 2024 Results

This $10M Deal Could Reshape the Future of Global Creator Platforms

Coppernico Drills 19 Meters of 0.50% Copper in First 5 Holes and Applies for Additional Permits

Explained: The Psychology of Options Trading with Practical Tips

Meet the Top 5 Best Online Brokerages in Canada

New Gold and Copper Hotspot Identified – What’s Next for This Serbian Project?

Major Funding Secured! Company Closes First Round of Private Placement

Become a member today, It's free!

Sign In

Send my password

Become a member today, It's free!

Bullboard - Stock Discussion Forum Summit Industrial Income REIT Unit SMMCF

Join the community and start posting on the bullboards today. It's free.

Create a portfolio watchlist today. It's free.

Bullboard (OTCPK:SMMCF)

Featured News Links