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 > NAV used to be above $24

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Comment by Slimaxon Dec 14, 2021 12:51pm

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Post# 34229495

RE:RE:NAV used to be above $24

Shorts are right but they're paying over 10% (dividend + borrow rate)
In the mean time we're paid while waiting.

And shorts haven't covered yet thus they haven't cashed in
And it will be very difficult for them to cover because the volume are light, very light to be able to cover 2.4M units. The price will sky rocket when they decide to cover (the trigger would be the hike in dividend, share buyback or some other accretive transactions) or they will continue to pay over 10% annually...

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