Melcor Real Estate Investment Trust 5 1 Convertible Unsecured Subordinated Debentures T.MR.DB.B

RE:Action Started. Step 1:

[Malpeque2]

So I bought 1k shares for my own edification to watch what happens here at the minority interest show with the control shareholder.   Maybe it gets interesting?

Still a good discount as Retired CEO points out.   Generally,  the parent earns the management fees based on the Assets Under Management,  and not the performance of the units.  To better align the interests of the majority owner and the public shareholders,  where the majority owner is also the REIT manager,  what could you propose as a compensation scheme?

Somewhat unrelated to Melcor entities,  I own some Cominar.    They are at a discount to NAV and reasonable price based on FFO.    THey cut the distribution.   They DID announce in mid September that they were going to consider strategic alternatives and hired the I bankers.
In the most recent November Q to shareholders,  the CEO points out again that this process is ongoing,  and they plan to run a rigorous process and in a timely manner.