TSX:REI.UN - Post by User
Comment by
baudelaireon Nov 05, 2006 10:22pm
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Post# 11621929
RE: 95% limit may force spin out
RE: 95% limit may force spin outI'd guess that the value of the spin out would be negative. When embedded in the REIT, the managing fee earnings receive a high multiple and tax treatment that wouldn't be there for a small property management company. Regardless of how complicated the solution becomes Eddie won't spin it out, IMHO.