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

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

Real Estate REIT - Diversified

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

Morguard Real Estate Investment 5 25 convertible unsecured subordinated debentures > SHORT POSITIONS as at May 5 is 2,170,709 shares

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Comment by Shirtlessnomoreon May 07, 2021 11:27pm

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Post# 33158879

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

Well it's clear they want ALL the shares, that's impossible to dispute which leaves it as simple as this, what better time to finish the job?

HermannHaller wrote: I agree, there is no chance they do an equity issue. Probably debentures, as both MRC and MRT.UN have debs due this year.

The shelf prospectus is for up to $600 million in new financing. They could buy out the rest of MRT.UN at $8 for less than $200 million. Fun to dream!

slst wrote:
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.