True North Commercial REIT T.TNT.UN

Funds for buying on the NCIB should run out soon

[lancebryant]

Unless TNT announces a property sale that has not been previously disclosed its not likely that they can continue the buybacks at the pace that they are currently.  

This comes from the assumption that TNT does not want to pay significant income taxes and has expunged most of the capital that wasn't subject to the primary income lines.

Under the assumption that they pay significant amounts of Canadian tax they can more or less just keep buying back while it makes sense to do so.  This is one door that they may actually explore and I would be one to support it.   It would be a dramatic shift in principle of how to run a REIT and may change the way other REITS in the industry operate.