RE:RE:RE:$10.84?You obviously can't read. The June 9th release says the bond's "for general trust purposes." In other words, to cover their expenses and short-term debt from those expenses.. If it was replacing a different bond series, they would say which bond series, which they don't. You also don't do a new bond release when you're renewing an existing mortgage on a building.
SeekAlpha81 wrote: I know I've said it before, but the debenture isn't to cover expenses. The debenture is a normal part of refinancing activities, smartcentres just announced closing a $600 million debenture this week as well. Next year H&R will close on additional ones as debt matures. New debt is issued and old debt expires. The dividend was great but it was cut out of extreme caution, and will return when fundamentals improve. This REIT won't go to 15,18 or 20 tomorrow, but you'll be paid 6.3pct at current SP to wait for conditions to improve. The total rent collection of 85 and 80 pct for the last two months is strong all things considered,
its actually above Riocan and Smartcentres if I remember correctly. If you want to double your money in a week look at the 3x levered bull/bear REIT ETF, but be prepared to lose your shirt as well. If a second round of covid lockdowns come, this will hit 7-8 bucks, if they don't or a vaccine is approved it will be a steady March back to 18-20. If lockdowns hit again almost every other stock will drop 30pct as well, most stocks won't be immune to the sell off.
GLTA