True North Commercial REIT T.TNT.UN

Alternate Symbol(s): TUERF

True North Commercial Real Estate Investment Trust (the REIT) is a Canada-based unincorporated, open-ended real estate investment trust. The REIT is primarily focused on creating value for unitholders through the investment in and ownership of commercial properties in Canada. The REIT’s primary objective is to maximize total returns to its unitholders. Its returns include a stable, reliable, and tax-efficient monthly cash distribution as well as long-term appreciation in the value of its units through the effective management of a portfolio of commercial properties. The REIT owns and operates a portfolio of about 40 properties consisting of approximately 4.6 million square feet in urban and select strategic secondary markets across Canada focusing on long-term leases with government and credit-rated tenants. Its properties include 36 and 38 Solutions Drive, 500 Beaverbrook Court, 61 Bill Leathem Drive, 675 Cochrane Drive, and 1112 Fort Street, among others.

TSX:TNT.UN - Post by User

True North Commercial REIT > wont budge a cent

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Comment by TheeRookon Jun 15, 2022 3:55pm

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Post# 34759274

RE:RE:wont budge a cent

TNT has an ATM

True North Commercial to list additional units

2022-05-04 15:42 ET - Prospectus Approved

The Toronto Stock Exchange reports that True North Commercial Real Estate Investment Trust will list additional units on the TSX. As stated in the April 21, 2022, prospectus supplement to the short form base shelf prospectus dated Feb. 17, 2022, the trust will issue up to $50-million of units to the public pursuant to the at-the-market (ATM) distribution procedures as defined by National Instrument 44-102, Shelf Distributions.

According to the TSX, the ATM sales will be made directly on the TSX or any other existing trading markets in Canada, during the period commencing April 21, 2022, and ending on the earlier of: (i) the issuance of all units subject to the equity distribution agreement dated April 21, 2022; (ii) the receipt issued for the base shelf prospectus ceasing to be effective in accordance with applicable securities laws; and (iii) the termination of the distribution agreement. As a result of the ATM procedures, prices may vary as between purchasers and during the period of distribution.

gashole wrote: Also consider that when a reits pays out 100% or more of its income, there is no growth unless they add debt. This is not a growth stock. If you want a growing reit, buy Riocan.

rabnud wrote: man TNT is paying the best dist out there and is a extremely solid reit but its just beat to $hit price wise and no good reason