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True North Commercial REIT T.TNT.UN

Alternate Symbol(s):  TUERF

Real Estate REIT - Diversified
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 > Dividend cut coming soon.
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Comment by EVHammondon Nov 03, 2022 9:44pm
280 Views
Post# 35071787

RE:RE:RE:RE:RE:RE:Dividend cut coming soon.

RE:RE:RE:RE:RE:RE:Dividend cut coming soon.I also fear a distribution cut.  I would love sclarda's suggested 20% cut from .0495 to 0.4 cents, but I've never seen a REIT (or any other company) cut by only 20%.  It seems that 50% is the bare minimum.  That leaves the management team swimming in cash and free to make mistakes with a wide margin for error.  It leaves the shareholders as bag holders.  Long-term share holders  and are forced to swallow a 50%+ reduction in income or scramble to sell as the price plummets within minutes of the market open the day after the cut is announced at 4:01 pm.

So, what do I do?  Sell at current prices or continue to white knuckle it, fearing the worst but hoping for the best?
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