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.

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Morguard Real Estate Investment 5 25 convertible unsecured subordinated debentures > your thoughts on shorts

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Comment by Mrguillaumeon Nov 04, 2021 2:31pm

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Post# 34088061

RE:RE:RE:your thoughts on shorts

All good points you make Slimax.

The 2020 distributions were only 75% taxable (25% return of capital). Likely the same for 2021. I see the distribution raised mid 2022 in line with an increase in taxable income. An increase to the dividend will be a huge catalyst.

Lots of leasing area coming due in 2022 and funds will be needed to reposition vacant space. Some of which may never be re-leased and move classification to development property or held for sale.

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