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Melcor Real Estate Investment Trust 5 1 Convertible Unsecured Subordinated Debentures T.MR.DB.B

Alternate Symbol(s):  T.MR.UN

Real Estate REIT - Diversified
Melcor Real Estate Investment Trust is a Canada-based open-ended real estate investment trust. The Company’s principal business is to acquire, own and manage office, retail, and industrial properties in select markets across Western Canada. Its portfolio consists of interests in approximately 38 properties representing approximately 3.1 million square feet of gross leasable area located Alberta and in Regina, Saskatchewan, and Kelowna, British Columbia. Melcor has approximately five million square feet in planned commercial developments. Its portfolio of properties is located across Canada in various cities, which include Coast Home Centre in Edmonton; Kingsview Market in Airdrie; Birks Building in Edmonton; Capilano Centre in Edmonton; Crowfoot Business Centre in Calgary; Parliament Place in Regina, Melton Building in Alberta, and others. The properties are externally managed, administered and operated by Melcor Developments Ltd. (Melcor).


TSX:MR.DB.B - Post by User

Melcor Real Estate Investment Trust 5 1 Convertible Unsecured Subordinated Debentures > More Unit Holder Value Unlocked!
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Post by UltraTiredon Feb 29, 2024 10:33pm
171 Views
Post# 35908232

More Unit Holder Value Unlocked!

More Unit Holder Value Unlocked!This week more shareholder value has been "unlocked" by the board's decision to suspend 100% the dividend.

That's  right, another year's worth of dividends has vanished from any shareholders still holding this stock this week. Returning the share price back to the collapsed price around the start of the pandemic. The only difference, they still had a dividend at that time, unlike today.

How over leveraged is this company? Has share price resistance vaporized along with dividend?
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