RE:RE:RE:RE:RE:RE:Beautiful! Correct that the number of total units will remain unchanged post consolidation.
I disagree that the unit price will increase by $5. It's important to understand what exactly is happening. The Trust is paying out 48 cents of cash. So in theory, the Trust would be worth 48 cents less per unit (post consolidation). That said, there is an undisclosed liability in the Trust, which is the latent taxes on all the investment properties owned. A portion of this latent tax related to the UDC portfolio was realized upon sale and is now being "distributed" to unitholders - therefore, the Trust in theory on a per unit basis, would be more valuable seeing as that the latent tax liability is now decreased... and we the unitholders are worth less - equal to the amount of the tax burden being passed on to us.