TSX:TNT.UN - Post by User
Comment by
giovincoon May 12, 2024 4:45am
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Post# 36035644
RE:May 10
RE:May 10https://www.theglobeandmail.com/business/article-downtown-toronto-office-buildings-vacancy/
Vacancy is scary. So people would go for 5% interest instead of reits.
But if reit also cut its distribution to 0, then what would happen? Lol
Money would transfer out to safe deposits at banks yielding 5%. Not a rocket science and yet true north is doing exact opposite to restore shareholder value. They should hold a special shareholder meeting to vote on the issue of continuing ncib or reinstating the distribution.