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Dream Impact 5 50 Convertible Unsecured Subordinated Debentures T.MPCT.DB

Alternate Symbol(s):  T.MPCT.DB.A

Dream Impact Trust is a Canada-based open-ended trust dedicated to impact investing. The Company operates through two segments: Development and investment holdings, and recurring income. The Development and investment holdings segment comprised direct and indirect investments in residential and mixed-use developments, a hospitality asset, and participating mortgage receivables. The Recurring income segment comprised a portfolio of commercial real estate income properties and multi-family rental assets in the Greater Toronto Area (GTA) and Ottawa/Gatineau, a utility asset, and interest-paying corporate loans. The Company is managed by Dream Asset Management Corporation (DAM).


TSX:MPCT.DB - Post by User

Post by Betteryear2on Feb 14, 2022 7:24pm
460 Views
Post# 34428279

Fourth Quarter Results & Growth in Recurring Income Segment

Fourth Quarter Results & Growth in Recurring Income Segment

TORONTO--()--DREAM IMPACT TRUST (TSX: MPCT.UN) ("Dream Impact", "we", "our" or the "Trust") today reported its financial results for the three months ("fourth quarter") and year ended December 31, 2021.

“2021 has been a year of significant accomplishment for the Trust,” said Michael Cooper, Portfolio Manager. “During the year, we've added over $240 million of income property assets to the recurring income segment through the completion of developments and acquisitions. The Trust has participated in innovative financing strategies, including the issuance of the first impact convertible debenture in Canada and financing programs dedicated to the decarbonization of our income properties. The Trust also made significant advancements with respect to our impact goals, releasing both our impact framework and social procurement strategy this year. We intend to carry this momentum into 2022 with the announcement of our 2035 net-zero roadmap this spring. Together, these efforts have created a more resilient and valuable business for our unitholders and are closely aligned with the most significant issues facing every level of government in our country today.”

 

https://www.businesswire.com/news/home/20220214005877/en/

 

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