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

Alternate Symbol(s):  MGRUF | T.MRT.UN

Morguard Real Estate Investment Trust is a Canada-based closed-end real estate investment trust. The Company provides real estate advisory services and portfolio management services, specializing in publicly traded equities and fixed-income securities, to institutional clients and private investors. The Company owns a diversified portfolio of 46 retail, office and industrial income-producing properties in Canada consisting of approximately 8.2 million square feet of leasable space. It owns and manages a diversified portfolio of office, industrial, retail, multi-suite residential and hotel properties in North America. It is a significant sponsor of two real estate investment trusts (REITs): Morguard REIT, a closed-end Trust with a diversified portfolio of Canadian commercial real estate assets; and Morguard North American Residential REIT, an open-end Trust with a diversified portfolio of multi-suite residential assets across North America.


TSX:MRT.DB.A - Post by User

Post by Paddy902on Jan 13, 2021 6:30pm
274 Views
Post# 32288231

Doubled up....

Doubled up....Given the BPY bid I thought this was a good time to double down. Unlike most stocks this has really not recovered and understandable given the retail exposure. But the discount to BV now seems overly excessive and like MRC, I bought more in an account for which I will take advantage of the DRIP. Happy to take the distribution while I wait for it to hit $7 over the next 12-18 months....I don't need a double on this.
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