RE:RE:RE:RE:If the 32 million tenderedI had 6k units entering the SIB - just as you Jay... I had 3.7k units pre-SIB announcement with an ACB of ~$14 ... i purchased 2.3k units @ ~$14.50 to play the arb trade ... tendered 4.5k units, yet i'm now left with more units than I had pre-SIB, with a tax bill and ACB for tax purposes of ~$19 ... pretty incredible how that backfired. another scar, another lesson.
i still like the assets and valuation, yet i would be crazy not to be rattled by management. they have 100x the information we do about every detail of the REIT and clealy said this is not worth $15.50 today.
no idea how long-term holders with high conviction who did not tender a unit feel today. you deserve someone to run your business who believes in it as much as you do.
i hope Mr. Manji sees the value here where current Management does not and takes control of the ship. d.un needs a leader who believes in the core business as much as its unitholders.