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Boardwalk Real Estate Investment Trust T.BEI.UN

Alternate Symbol(s):  BOWFF

Boardwalk Real Estate Investment Trust (Trust) is a Canada-based open-ended real estate investment trust, which owns/operates multi-family rental communities. The Company provides homes in more than 200 communities, with over 34,000 residential suites totaling over 29 million net rentable square feet. Its brands include Boardwalk Living, Boardwalk Communities, and Boardwalk Lifestyle which, caters to a diverse demographic. Its objectives are to provide Resident Members with quality rental communities and the best tenant/customer service, provide its holders of Trust Units with stable monthly cash distributions, and to increase the value of the Trust Units through the effective management of its residential multi-family revenue producing properties, renovations and upgrades to its current portfolio, and the acquisition and/or development of additional, accretive properties or interests therein.


TSX:BEI.UN - Post by User

Boardwalk Real Estate Investment Trust > Moving to MRG.un
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Comment by autofocus111on Jan 12, 2022 4:11pm
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Post# 34310070

RE:RE:RE:RE:Moving to MRG.un

RE:RE:RE:RE:Moving to MRG.unI read the announcement again. I thought the 'non-cash; reference meant the distribution would be flagged as a capital gain, but it seems there is no actual distribution. Instead there is a unit issuance and consolidation that will leave unitholders with a higher ACB, even though the unit 'count' remains unchanged? Very confusing. If this ever manages to hit NAV aka 64.25 at last count then I'm out. The income stream is just too low for my purposes.
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