True North Commercial REIT T.TNT.UN

RE:RE:RE:RE:RE:RE:RE:19.1 MILLION NET PROCEEDS

[cooper90]

One of the most exciting parts of this announcement other than the NET proceeds, debt reduction, above NAV building sales achievements etc etc etc......which is all good!! 

Is...........TNT specifically indicated that they continue to buy-back shares using the NCIB at a rate equal to $1.70 annually (alternative to the past distribution) which is equal to 20% previous (divi) annual rate. 

This means TNT.UN during this past 6x months supported eqivalent to the previous distribution through this high rate setting downturn which clearly shows not only their quality assets, positive income from new rental resets but overall strength of the business going forward. 

So........prediction time, IMO they indicated that $1.70 sustaining because it would make sense at the end of June during the start of rate cuts by the BOC, that they will reinstate a distribution + support conitnued NCIB.

Half of $1.70 = .85 cents annually at current share price of $8.80CDN means 9.5% distribution reinstatment and the other half continuing buybacks which I believe is an ideal balance. I don't believe they will set anything above 10% payout at the current share price.  

This would support unit holders with income while adding buying liquidity on a daily basis. As previously stated it won't take long IMO to get back to $10.50 leading up to the rate cut in June with no positive announcements. With continued positive announcements, further rate cuts and positive quarterly beats this will move quickly.

IMO....means those buying during this consolidation period (not just holding what we had) will prove to be a very rewarding end result.  

Good luck to all holders 
Cooper