True North Commercial REIT T.TNT.UN

Alternate Symbol(s): TUERF

True North Commercial Real Estate Investment Trust (the REIT) is a Canada-based unincorporated, open-ended real estate investment trust. The REIT is primarily focused on creating value for unitholders through the investment in and ownership of commercial properties in Canada. The REIT’s primary objective is to maximize total returns to its unitholders. Its returns include a stable, reliable, and tax-efficient monthly cash distribution as well as long-term appreciation in the value of its units through the effective management of a portfolio of commercial properties. The REIT owns and operates a portfolio of about 40 properties consisting of approximately 4.6 million square feet in urban and select strategic secondary markets across Canada focusing on long-term leases with government and credit-rated tenants. Its properties include 36 and 38 Solutions Drive, 500 Beaverbrook Court, 61 Bill Leathem Drive, 675 Cochrane Drive, and 1112 Fort Street, among others.

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True North Commercial REIT > May 10

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Comment by giovincoon May 21, 2024 8:31pm

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Post# 36051060

RE:RE:RE:RE:RE:RE:RE:May 10

Are you a mammon? You should kill yourself if DD says so LOL

flamingogold wrote: Can I ask are you a billionaire? If not, I'll stick with DD's plan.

giovinco wrote: Wow you really are a company hired goon.
I want my distribution so I could by more and more LOL at 20% yield I could increase my holding by 20% a year.
They cut ncib threshold to 4200 shares per day, what is that? Are they preparing for distribution reinstatement? I also think that they should pay down debt instead if they are not going to pay the distribution. Interest rate seems to be staying higher for longer.

Buying back shares only decreases market cap, clearly not a good strategy. They should keep cash or pay down debt, which will increase shareholder value. Otherwise, pay the distribution.