Morguard Real Estate Investment 5 25 convertible unsecured subordinated debentures T.MRT.DB.A

RE:RE:I WILL FIRE ENTIRE MRT MANAGEMENT & DIRECTORS

[Predator2018]

Not just due to current share price. If you have followed MRT for past decades, you would see that it consistently trades at huge discount to Net Asset Value. Never has this REIT ever traded within 10% of NAV. Right now, book value is more than $26. NAv Is more than $12. This has consistently been the story for more than 20 years. New ideas is needed. A good management & trustees will raise money using unencumbered assets to buy back millions of shares via auction resulting in triple win for all stakeholders. Interest rate is at all time low. Why pay 10% i dividend if you can use less than 3% interest rate on debt to cancel all these deeply discounted shares. The good thing is that it would save MRT 7% from dividend savings, boost share price near NAV, increase MRC ownership to around 75%, and boost FFO and profit margins.