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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

Comment by slston May 07, 2021 2:55pm
126 Views
Post# 33153991

RE:RE:RE:SHORT POSITIONS as at May 5 is 2,170,709 shares

RE:RE:RE:SHORT POSITIONS as at May 5 is 2,170,709 shares
Unlikely the Parent will do an Equity issue below the Book Value of Canadian Real Estate.

Perhaps another Convertible debenture at lower rates.

They could be trying to do what Brookfield did and take out the minority Shareholders
of the subsidiary (Mrt.un) at a large premium to its stock trading price and still be at a
discount to Book Value, and also a discount to Net Asset Value.

Short sellers better get out....this could hurt.

Fingers crossed.  Good Luck Longs....this is going to be so much fun. 
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