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Morguard Corp T.MRC

Alternate Symbol(s):  MRCBF

Morguard Corporation is a Canada-based real estate and property management company. The Company’s principal activities include the acquisition, development and ownership of multi-suite residential, commercial and hotel properties. The Company has various retail, office, industrial, hotel and residential holdings owned directly and through its investment in Morguard Real Estate Investment Trust and Morguard North American Residential REIT. Its owned and managed portfolio of assets is valued at over $17.6 billion. The Company owns a diversified portfolio of over 160 multi-suites residential, retail, office, industrial and hotel properties located in Canada and in the United States. The Company also provides real estate management services to institutional and other investors. The Company, through Lincluden Investment Management Limited, offers institutional clients and private investors a broad range of global investment products across equity, fixed-income and balanced portfolios.


TSX:MRC - Post by User

Morguard Corp > Looking Good.
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Comment by pierrelebelon May 07, 2021 1:59pm
130 Views
Post# 33153594

RE:Looking Good.

RE:Looking Good.
MISSISSAUGA, ON , May 7, 2021 /CNW/ - Morguard Corporation ("Morguard"), (TSX: MRC) announced today that it has filed a (final) base shelf prospectus with the securities regulatory authorities in each of the provinces and territories of Canada , except Quebec . The base shelf prospectus is valid for a 25-month period, during which Morguard may offer common shares, preference shares, debt securities, warrants and units, or any combination thereof, having an aggregate offering price of up to $600 million . Any issue of securities under the base shelf prospectus will require the filing of a prospectus supplement that will include specific terms of the securities being offered.

Link to announcement

It may be too early to speculate but I could see Morguard raising money (preferred shares issue, maybe) to buy either MRT.UN, MRG.UN or both as they are trading at deep discount from net asset value.
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