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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

Post by SIGG1on Sep 28, 2023 12:35pm
157 Views
Post# 35659662

CEO should be in jail

CEO should be in jail FOR MISLEADING INVESTORS REGARDING THEIR FAKE NCIB 


On April 12th 2023, when this announcement was made, stock was trading at $3.40. 
Now trading at $2.10, falling like a knife and no shares are being bought by the company. 
This was just a setup in an attempt to mislead investors. 


Normal Course Issuer Bid

The REIT and its board of trustees (" Board of Trustees ") have authorized a NCIB for its Units, subject to the approval by the TSX. The REIT believes that its Units trade in a price range which does not adequately reflect the value of such Units in relation to the business of the REIT and its future business prospects.  As a result, depending upon future price movements and other factors, the REIT considers its outstanding Units may represent an attractive investment for itself. Therefore, from time to time, the purchase of Units at certain market prices below its net asset value presents an attractive use of the REIT's funds that should afford additional value and liquidity for the issued and outstanding Units while benefitting Unitholders by increasing their proportionate equity interest in the REIT. Decisions regarding the timing of purchases under the NCIB will be determined by management of the REIT based on market conditions, Unit price and other factors.

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