GREY:ACRVF - Post by User
Comment by
generaldiscon Dec 31, 2018 9:46am
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Post# 29171294
RE:RE:takeover & distribution
RE:RE:takeover & distributionI understood the special distribution in the same way i.e. there is no net benefit for existing resident shareholders.
the so called special distribution is a sleight of hand...a "fake" transaction for Canadian resident unit holders.
we derive no benefit from it.
the sale price is overall very disappointing...it is the lowest in the fair value range estimated by the investment banks.
however...I suppose we should take solace in the fact that since the announcement of the deal, the stock market has fallen 20%.
other REITs are down 10% to 15%.
in that light, I suppose we are doing okay