True North Commercial REIT T.TNT.UN

Alternate Symbol(s): TUERF

True North Commercial Real Estate Investment Trust (the REIT) is a Canada-based unincorporated, open-ended real estate investment trust. The REIT is primarily focused on creating value for unitholders through the investment in and ownership of commercial properties in Canada. The REIT’s primary objective is to maximize total returns to its unitholders. Its returns include a stable, reliable, and tax-efficient monthly cash distribution as well as long-term appreciation in the value of its units through the effective management of a portfolio of commercial properties. The REIT owns and operates a portfolio of about 40 properties consisting of approximately 4.6 million square feet in urban and select strategic secondary markets across Canada focusing on long-term leases with government and credit-rated tenants. Its properties include 36 and 38 Solutions Drive, 500 Beaverbrook Court, 61 Bill Leathem Drive, 675 Cochrane Drive, and 1112 Fort Street, among others.

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True North Commercial REIT > Funds for buying on the NCIB should run out soon

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Comment by garyreinson Mar 14, 2024 9:37pm

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Post# 35934077

RE:Funds for buying on the NCIB should run out soon

Not sure what you mean- they specifically said at the onset they woudl redirect all distribution amounts to the NCIB. So if they were paying ~8m a month in dividends it was going to the NCIB.

I assume they will find a way to go to 10% or maximum allowance.

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