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Morguard North American Residential Real Estate Inv 6 00 Convertible Unsecured Subordinated Debentures T.MRG.DB.B

Alternate Symbol(s):  MNARF | T.MRG.UN

Morguard North American Residential Real Estate Investment Trust (the REIT) is an open-ended real estate investment trust. The REIT owns, through a limited partnership, interests in Canadian residential apartment communities, located in Alberta and Ontario, and U.S. residential apartment communities located in Colorado, Texas, Louisiana, Illinois, Georgia, Florida, North Carolina, Virginia, and Maryland. The objectives of the REIT are to generate stable and growing cash distributions to Unitholders on a tax-efficient basis; to enhance the value of its portfolio and the long-term value of its units through active asset and property management; and to expand the REIT's asset base, primarily through acquisitions and property improvements. The REIT's multi-suite residential property portfolio consists of about 16 Canadian properties and 27 United States properties, having a total of approximately 13,089 residential suites and 239,500 square feet of commercial area.


TSX:MRG.DB.B - Post by User

Morguard North American Residential Real Estate Inv 6 00 Convertible Unsecured Subordinated Debentures > MRG.UN is buying back shares
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Post by HermannHalleron Mar 28, 2024 8:56am
313 Views
Post# 35957566

MRG.UN is buying back shares

MRG.UN is buying back sharesOver the last few days the REIT has resumed buying back units, maximum amount allowed per day under the NCIB.

Last year they bought back 1.4 million, about 5% of the float. They renewed the NCIB in January to buy 2.8 million, or 10% this year.

Looks like its helping the price. The BV is $43.13...so they should buy back as muych as possible!

GLTA
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