Morguard Corp T.MRC

Alternate Symbol(s): MRCBF

Morguard Corporation is a Canada-based real estate company. The Company’s principal activities include property ownership, development and investment advisory services. Property ownership encompasses interests in multi-suite residential, commercial and hotel properties located in Canada and the United States. The Company owns a diversified portfolio of 178 multi-suite residential, retail, office, industrial and hotel properties comprised of 17,566 residential suites, approximately 17.1 million square feet of commercial leasable space. The Company also owns a 65.0% interest in Morguard Real Estate Investment Trust and a 45.3% effective interest in Morguard North American Residential Real Estate Investment Trust. It also provides advisory and management services to institutional and other investors. The Company's subsidiaries include Morguard Real Estate Investment Trust and Morguard North American Residential Real Estate Investment Trust.

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Morguard Corp > Fourth Quarter Dividend

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Comment by pierrelebelon Nov 04, 2021 6:54pm

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Post# 34089427

RE:RE:Fourth Quarter Dividend

Northforce13 wrote "I'm holding on for the fat dividend"

You may have to wait a very long time. A large dividend is not in the picture.

At the young age of 75, K Rai Sahi controls Morguard. His plan since he moved to Canada over 50 years ago is to build a large business. He has succeeded. Paying a large dividend makes no sense to him.

I see Morguard eventually buying MRT.UN, MRG.UN and PLZ.UN, having all assets under one roof.

Then he will either sell the whole package or ---- wait ---- his eventual estate will.

Patience will be rewarded

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