PRO Real Estate Investment 8 Convertible Unsecured Subod Debentures T.PRV.DB

Alternate Symbol(s): PRVFF | T.PRV.UN

Real Estate REIT - Diversified

PRO Real Estate Investment Trust is a Canada-based open-ended real estate investment trust. The Company owns a portfolio of commercial real estate properties in Canada, with an industrial focus in robust secondary markets. The Company’s segments include three classifications of investment properties: Industrial, Retail and Office. All of the Company’s activities are located in a single segment, Canada. With a concentration in eastern and central Canada, its industrial-focused real estate portfolio consists of commercial properties located in secondary markets. It has approximately 123 properties, including MONCTON, NEW BRUNSWICK, Amherst, Nova Scotia; L'ancienne-Lorette, Quebec; Daveluyville, Quebec; Saint John, New Brunswick; Miramichi, New Brunswick; Woodstock, New Brunswick and others. The Company’s properties are located in Western Canada, Ontario, Quebec and Atlantic Canada.

TSX:PRV.DB - Post by User

PRO Real Estate Investment 8 Convertible Unsecured Subod Debentures

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Comment by Sunnyboyon Apr 26, 2020 10:41am

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Post# 30954592

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Less then 2 months ago

As mentioned before the distribution seems more than fully covered at this point and with the new government support announced things should even improve. With 12½ million cash on hand and available through their revolving credit faccility I can’t see how there is a cash problem. They certainly wouldn’t cancel the Drip if they have a cash problem. PRV indicated that the line of credit was reduced without a reason. If there actually was a breach of covenant and PRV would not reveal this at this point they would open themselves up for some serious lawsuits.

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How does sponsorship affect share price?