TSX:DIR.UN - Post by User
Comment by
StormyDon Dec 04, 2019 1:05pm
124 Views
Post# 30421580
RE:RE:RE:RE:RE:New offering
RE:RE:RE:RE:RE:New offeringHey Sarge!
We too have had DIR.UN since 2013 in a non registered account. The ACB (as of 2018 tax cycle) was $7.8321 due to the annual Return of Capital factor. Since we hold 12,000 units, there is a sweet amount of unrealized capital gains. Have heard a report that DIR.UN might be a potential target for the Blackstone Group that just bought out your DRG.UN. If so, I will be faced with a large CG to deal with! Could be worse problems, but I would rather have DIR.UN remain intact and keep on sailing along!
Yesterday, I commented on the "usual" pattern of REIT unit prices upon a secondary offering (i.e., a 3-4% drop to match the bought deal price, etc., etc.), and I mentioned the new offering by APR.UN yesterday. Well - APR.UN proves the exception to the norm - see cut-and-paste below.
Cheers!
Diceslinger:
You'd think so, but then the unit price actually increases by 7 cents over yesterday's close (currently at $12.11) and 46 cents above the bought deal price. Very unusual! Must be a lot of parties keen to buy in to create such high demand! Good luck for all of us who have been holding for some time!