Lanesborough Real Estate Investment Trust V.LRT.UN

RE:RE:RE:RE:Sale of assets

[estebancaballo]

Thanks for the great analysis R. One quibble: they are unlikely to pay of the parent co debt first (line of credit) as this is a big money-maker for them. I don't think they consider it debt but a working line of credit that they need to dip into when they don't have enough cash. They may reduce it somewhat but would first pay down the real 'debt' and debentures imho. You are right that they have refi'd debentures before but they had to fully back them last time as part of the deal (plus giving warrants I think).. not sure what they could offer this time around. All imho.