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Lanesborough Real Estate Investment Trust V.LRT.UN

Lanesborough Real Estate Investment Trust is a Canada-based real estate investment trust. The investment properties of the Company are separated into three operating segments: Fort McMurray Properties, Other Investment Properties, and Held for Sale and/or Sold Properties. Fort McMurray Properties includes eight properties. Other Investment Properties include two properties. Held for Sale and/or Sold Properties includes sold properties: five properties. The property portfolio of the Company consists of approximately 11 rental properties, encompassing 10 multi-unit residential properties, including the unsold condominium units at Lakewood Townhome.


TSXV:LRT.UN - Post by User

Lanesborough Real Estate Investment Trust > Adjourned until February 11th
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Comment by BobTheKnob2on Jan 21, 2022 9:53pm
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Post# 34345912

RE:RE:RE:RE:Adjourned until February 11th

RE:RE:RE:RE:Adjourned until February 11th

They presented a terrible proposal that most certainly would meet with a negative response from both unitholders and debentureholders.

Then they are hoping that we will stew over it so that they can present another proposal that is pretty bad, but not as bad as the last one, while the price of real estate in oil towns of Alberta firm up, occupancy rises and lenders are more willing to loan money to developers.

Real estate is a business that always has been one where the developers and owners are regularly debt-heavy. It is part of the business. It is how they make money.

We will see what they come up with, but I exect a couple more adjournments before we get another proposal.

The problem is that we can never vote Arni off the Board of Directors no matter how many votes are against him. He has the position as long as he wants it and nothing we can do about it. It is in the trust indenture.

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