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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

Post by alkhoron Feb 11, 2022 10:25am
160 Views
Post# 34420021

8 Hours to the Next Postponement

8 Hours to the Next PostponementI am becoming convinced tha postponements of the meeting is because a major debenture holder wants the debt into units proposal be applied to the Shelter loan as well.

As is with the current proposal Debenture holders would end up owning 98.6% of the REIT. If the same deal was offered to Shelter later on, Shelter would end up owning 99% with the debenture holder having the remaining 1%, current unitholder ownwership would be reduced to almost nothing.

If both the shelter loan and debenture holders are converted at the same time, the debenture holders would own 20% of the REIT and Shelter 80%, current unitholders would end up with much less than 1%.

If you were Shelter, who also are involved in the management of the REIT, which way would you want it to go?.

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