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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

Post by Predator2018on May 10, 2024 1:14pm
126 Views
Post# 36033933

Asset Sales of $30 Million plus more sales coming

Asset Sales of $30 Million plus more sales coming
In the first quarter, the Trust launched a sales process for two commercial properties located in downtown Toronto. Subsequent to quarter end, the Trust entered into an agreement to sell 10 Lower Spadina and are in advanced discussions for the disposition of 349 Carlaw. Through these asset sales, the Trust is reducing its commercial asset class exposure by 95,000 square feet ("sf") and is expected to generate gross proceeds in excess of $30.0 million upon close that would support the Trust's ongoing liquidity needs.
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