Dream Impact 5 50 Convertible Unsecured Subordinated Debentures T.MPCT.DB

Alternate Symbol(s): T.MPCT.DB.A

Dream Impact Trust is a Canada-based open-ended trust dedicated to impact investing. The Company operates through two segments: Development and investment holdings, and recurring income. The Development and investment holdings segment comprised direct and indirect investments in residential and mixed-use developments, a hospitality asset, and participating mortgage receivables. The Recurring income segment comprised a portfolio of commercial real estate income properties and multi-family rental assets in the Greater Toronto Area (GTA) and Ottawa/Gatineau, a utility asset, and interest-paying corporate loans. The Company is managed by Dream Asset Management Corporation (DAM).

TSX:MPCT.DB - Post by User

Dream Impact 5 50 Convertible Unsecured Subordinated Debentures > Target is $1

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Comment by ScroogeMcDuck1on Oct 24, 2023 1:14am

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Post# 35697593

RE:RE:Target is $1

"“We believe the revised distribution preserves additional liquidity for the trust’s development commitments and is better aligned with our strategy,” said chief financial officer Meaghan Peloso. “We felt pretty comfortable coming up with the 16-cent distribution in terms of how we’ll be able to sustain it going forward.”

As recurring income grows as new assets come online, Cooper would like to see the distribution rise again."

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