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 > Playing hardball now

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Comment by CrazyTraderon Jun 23, 2023 2:56pm

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Post# 35511854

RE:RE:Playing hardball now

Buys support price, but what NCIB does is lowers Equity/Capital/Cash.... which in most cases lowers SHARE VALUE... which then causes self-defeating objective, if the objective is to support share price.

Unless company has so much cash/profits coming in that it can basically manipulate share price over above the market.... Then NCIB is a self-defeating objective, if the objective is to support share price.

Just seems CRAZY the NCIB.

All just my opinion/view/thinking

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