RE:SOMETHING SMELLSDream Office portfolio is trading at $293 per square foot on average. In Jan 2023 they sold 720 Bay Street to Alexandria for $560 psf. I added today as I consider the valuation distressed, not on a multiple basis like the dumb analysts use but a liquidation basis. Cooper needs to liquidate some assets and sell the DIR securities to run another SIB. The NAV disconnect is ridiculous at $36. Even if you slash that in half there is still a 35% margin of safety. Cull the distribution by 50% to run an NCIB and restore lost value. Lots of opportunity here. I suspect capitulation/tax loss selling and added today. Might add more, just dont have anything I want to sell but valuation is really crazy!