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 > Yep, I'm making 4.55% on my SAVINGS Account.

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Comment by wheeloffortuneon Aug 17, 2023 2:13pm

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Post# 35593355

RE:Yep, I'm making 4.55% on my SAVINGS Account.

Where exactly? I'm only finding introductory rates for new accounts that high. The best I'm finding from my brokerage are 4.3% for a 30 day GIC or 5.45% for a 1 year full term GIC. The highest continuing rate Tangerine is willing to give me for a HISA is 3%.

CrazyTrader wrote: Totally Liquid. Better than a GIC where you're locked in. Since it's totally liquid, I can place buy orders against it. I make 4.55% and still have the opportunity to buy when a deal comes up.

Now I know, these rates most likely won't last for very long, maybe couple more years. That's why I'm hunting for deals.

All just my opinion/view/thinking.