Bullboard - Stock Discussion Forum Morguard North American Residential Real Estate Inv 6 00 Convertible Unsecured Subordinated Debentures MNARF

Primary Symbol: T.MRG.DB.B Alternate Symbol(s): T.MRG.UN

Morguard North American Residential Real Estate Investment Trust (the REIT) is an open-ended real estate investment trust. The REIT owns, through a limited partnership, interests in Canadian residential apartment communities, located in Alberta and Ontario, and U.S. residential apartment communities located in Colorado, Texas, Louisiana, Illinois, Georgia, Florida, North Carolina, Virginia, and... see more

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Morguard North American Residential Real Estate Inv 6 00 Convertible Unsecured Subordinated Debentures > MRG.UN is buying back shares

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Post by HermannHaller on Mar 28, 2024 8:56am

MRG.UN is buying back shares

Over the last few days the REIT has resumed buying back units, maximum amount allowed per day under the NCIB.

Last year they bought back 1.4 million, about 5% of the float. They renewed the NCIB in January to buy 2.8 million, or 10% this year.

Looks like its helping the price. The BV is $43.13...so they should buy back as muych as possible!

GLTA

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