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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

Comment by pandscaon Mar 21, 2023 3:27pm
242 Views
Post# 35351979

RE:RE:RE:Over 600,000 units bought by insiders past two days

RE:RE:RE:Over 600,000 units bought by insiders past two days

As much as I hated seeing my stock value drop about $90,000 over 2 TFSA accounts, I'd prefer they cut the DIV than go under.
The stock price will eventually (like in about 2 to 5 years) recover (I hope), but the DIV % will shrink as that stock price recovers unless they incrementally increase the DIV (which I'm sure we all hope) to maintain the 8+% level. Because of this, I'm now investing my TNT DIVs in INO to help my TFSA payouts recover. INO recently cut their DIV in half and (fingures crossed) aren't expected to cut again for some time.

I've also, or course, got lots of non DIV stocks in other sectors that are slowly crawling back up from lows this year. I'll sell those off and diversify my portfolio further seeking more DIVs in other sectors as I had never meant to hold those stocks for more than 10 years anyhow.

GTLA with TNT.
Stay long or hold and you should survive this recent catastrophy.

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