Hudson's Bay Co. HBAYF

REIT

[Marky2]

Could someone please explain to me what a Spinoff to  REIT means? What happens to the stock HBC? Does it then become HBC REIT or is it a separate entity altogether.....TY

[skyplt]

Google Canadian Tire REIT and you will get a better picture of the concept...for example, this from 2013: Canadian Tire Corp., the country’s largest sporting goods retailer, will create a C$3.5 billion ($3.5 billion) real estate investment trust in an initial public offering this year. The shares surged the most on record. The REIT will acquire most of the company’s owned real estate, which

[Marky2]

Thanks Sky! I noticed since then CT is up over 100%.....hope this happens to our baby!

[biggerr]

I'm planning to buy in CanTire a new bathroom sink and water taps to replace the current sink which has rusted through down under where it connects to the pipe, taps also no good. But it's hard to remove the old sink, it's kind of stuck there, ha