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Invesque Ord Shs T.IVQ

Alternate Symbol(s):  MHIVF | T.IVQ.DB.U | T.IVQ.DB.V

Invesque Inc. is a health care real estate company. The Company owns a portfolio of North American properties across the health care spectrum. The Company invests in a portfolio of predominantly privately paid senior housing communities. The Company's portfolio includes investments primarily in independent living, assisted living, and memory care, which are operated under long-term leases and joint venture arrangements with industry operating partners. The Company's portfolio also includes investments in owner-occupied seniors housing properties in which the Company owns the real estate, the licensed operations, and provides management services through Commonwealth Senior Living, LLC. It owns a portfolio of over 56 properties in the United States, comprised of 53 assisted living and memory care facilities and three skilled nursing facilities. In Canada, the Company owns an interest in four seniors housing assets.


TSX:IVQ - Post by User

Comment by Stratocheifon Oct 14, 2021 11:51am
114 Views
Post# 34005361

RE:RE:RE:RE:RE:Value of U debentures

RE:RE:RE:RE:RE:Value of U debenturesI guess you bought them at recent market price. But many investors bought them near par years ago. So for us there us no advantage to selling or evaluating what benefit may be had from getting shares. Ive seen companies convert to shares only to see the sp drop big time after so how am i gonna get my money back having bought at par. I may be wrong about who holds these debentures but i dont see it that debenture holders were thrown under the bus. It says in the proposal that they have had input from debenture holders..major ones i assume and they feel this is the way to go. Ivq has no obligation to engage a third party to give an opinion on this...its a minor thing. If they were selling the company or acquiring another yes people want to know if it was a good decision. And there is no obligation to warn about risks as to the ability of ivq to continue as a going concern. Those warnings only come when a company is already engaged in bankrupty preapration. We arent there now...maybe coming but no indication at all at this point. Debenture holders werent thrown under the bus. They just got thier bonds extended and at a better rate and they got a partial redemption. Dont see any problem with that...unless one feels the probability of insolvency is very high. Ivq gets to keep 34 million cash that may help them sort out some of thier issues and return to a better position. Its too bad we are at this point but it could have been worse imo...100% conversion to shares would be the dilution from hell and extending at same interest rate no good either. Sure they could have redeemed 100% and then borrowed again at 8 or 9% but would that have been acceptable to shareholders? I think its a good compromise all things considered.
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