GREY:CMLEF - Post by User
Post by
WizardFutureon Dec 06, 2021 8:05am
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Post# 34201334
Cominar Issues Unitholder Presentation Reiterating Compellin
Cominar Issues Unitholder Presentation Reiterating Compellin "Cominar Issues Unitholder Presentation Reiterating Compelling Reasons to Vote For Acquisition by Canderel-Led Consortium for $11.75 Per Unit in Cash"
Basically it says, management is incompetent and can't execute well, so vote YES for the deal.
LOL. Vive le Quebec Inc...
"Unitholders should be aware that IFRS NAV is mainly based on appraisals that assume a stabilized level of operations for each property achieved over time, taken individually, under a private real estate market context with no consideration given to the broader financial situation of Cominar and the execution risks associated with achieving stabilized operations, its public market status as a diversified REIT and any potential breakup value and leakage including mortgage defeasance and property brokerage fees, or tax consequences, that could arise from attempting to sell assets individually at the IFRS NAV;"
https://stockhouse.com/news/press-releases/2021/12/06/cominar-issues-unitholder-presentation-reiterating-compelling-reasons-to-vote