TSX:AX.PR.E - Post by User
Comment by
EstevanOutsideron Sep 29, 2023 1:22am
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Post# 35660946
RE:RE:RE:Iris preferred payment to Artis
RE:RE:RE:Iris preferred payment to ArtisSo looking ahead into Q3/Q4, we have:
- large chunks of floating rate debt retired with asset sales lowering interest payments
- fully leased Blaine 35 coming online
- addition of 300 Main adding revenue
- possibility more insight into Cominar sales
- debenture retired, unknown if using credit facility/cash or asset sales.
Not a bad place to be. If Iris can start paying Artis cash for the debenture it would be a huge asset.
Good timing by Sandpiper/Manji to take it private as we appear to be coming off a cyclical low.