Dream Impact 5 50 Convertible Unsecured Subordinated Debentures T.MPCT.DB

Alternate Symbol(s): T.MPCT.DB.A

Dream Impact Trust is a Canada-based open-ended trust dedicated to impact investing. The Company operates through two segments: Development and investment holdings, and recurring income. The Development and investment holdings segment comprised direct and indirect investments in residential and mixed-use developments, a hospitality asset, and participating mortgage receivables. The Recurring income segment comprised a portfolio of commercial real estate income properties and multi-family rental assets in the Greater Toronto Area (GTA) and Ottawa/Gatineau, a utility asset, and interest-paying corporate loans. The Company is managed by Dream Asset Management Corporation (DAM).

TSX:MPCT.DB - Post by User

Dream Impact 5 50 Convertible Unsecured Subordinated Debentures > Uninvestable because off mgnmt agreement

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Comment by incomedreamer11on May 07, 2024 2:25pm

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Post# 36027262

RE:Uninvestable because off mgnmt agreement

From report

In another move to protect liquidity, MPCT and Dream Asset Mgt (DAM) extended their agreement (subject to approval at the AGM on June 12 at 11:00am - link) whereby asset mgmt. fees are paid in units (saving cash). The new deal (with extensions) has 550k/600k/650k units issued in 2024/2025/2026, vs. 448k units in 2023 and 379k in 2022.

Huge dilution in nearest future

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