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Standard Merchantile Acquisition Corp Cl A T.TZS

Trez Capital Senior Mortgage Investment Corp engages in the mortgage brokerage and investment management business. It focuses on residential and commercial short-term bridge financing. The company offers private and institutional investors opportunities to participate in high yield mortgage investment funds and individually managed portfolios. The company provides the commercial real estate developers with short-term financing on projects. Its portfolio includes residential, retail, and industri


TSX:TZS - Post by User

Comment by ArbProfiton May 28, 2017 12:37am
154 Views
Post# 26293021

RE:RE:RE:RE:RE:Return of Capital

RE:RE:RE:RE:RE:Return of CapitalFirst quarter earnings were released and stated a March 31st NAV of $5.49.

Subtract $0.66 and two more monthly payments (including May) leaves $4.73 plus a small amount of interest earned on the outstanding loans.

I have one quarter of my max position remaining, and will be selling most over the next few months. There is still some (small) risk in sticking around for the remaining spread between the trading price and NAV, since there are so few loans remaining.  It will probably work out just fine, but it's not a compelling hold at $4.50.  I'd be a buyer around $4.20 if nothing has changed.


I'm not sure what you mean by this:
"If I just put the money in my bank account at 2% and then withdrew it on a monthly basis I would be pretty close to where I am now and there would be no risk attached. Am I wrong?"


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