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Bullboard - Stock Discussion Forum Pure Multi-Family REIT LP PMULF

"Pure Multi-Family REIT LP is a Canada-based real estate investment trust. It invests in multi-family real estate properties focused on luxury resort-style apartment communities in the United States, which offers investors exclusive exposure to U.S. multi-family real estate assets. Its portfolios are in Dallas, Texas, Arizona, Houston, Georgia, San Antonio, Phoenix, and Nevada. Its portfolio... see more

OTCQX:PMULF - Post Discussion

Pure Multi-Family REIT LP > buyout or they should consider a dividend increase
View:
Post by germtech1 on Jul 14, 2018 11:25pm

buyout or they should consider a dividend increase

The management seem ill prepared when it comes to a buyout....
They should of had a plan already established...

Seems like setting up the committee is a bit of a stalling tactic...a lack of preparation.

Im holding to see what the outcome is....I hope they can negioitate a suitable take out price....or just continue on.....however they should consider a dividend increase if nothing happens.....feed the share holders something good!
Comment by maypeters on Jul 15, 2018 9:49am
Why ? The share price has moved from around $8 to $9. That itself is pretty good (of course may drop again if they say NO to any sale - who knows).   Management just got internalized. They do not have to increase the dividend just because they are saying no to some offer which came unsolicited.  I understand where you are coming from but I would rather the distribution stay put ...more  
Comment by TimeBuilder on Jul 16, 2018 1:57pm
Well stated maypeters....we agree....just noticed today's distribution posting in one of our tax protected accounts & it looks like TD has messed up on USD to  CDN exchange transaction postings....to there benifit of course....should June Dist not be .03125 USD > CDN ...looks like they posted the reverse exchange....minus 29-30%....Will leave it for a day or so....  just to ...more  
Comment by bcsc on Jul 16, 2018 5:06pm
 Hi  Timebuilder,,  The conversion from US to CDN was done correctly today in both my and the wife's RSPs at TD. There was however an NRTUS entry that was reversed today as well in both accounts. There was no indication of conversion rate in the entry as is the usual practice but conversion was at 1.03125. BCSC
Comment by maypeters on Jul 16, 2018 5:41pm
TD has been having some issues. Clowns sent me reassessed tax papers for 2017. Luckily I still have not filed by 2017 corporate tax returns.  The conversion rate for my account seems correct at my end.  Off Topic: I have taken up pretty huge positions in GC over the last little while (Great Canadian Gaming) and TSGI (The Stars Group). Take a look. No divvy. 
Comment by TimeBuilder on Jul 17, 2018 1:43pm
NOTE:  TD posted a correction credit TODAY for the exchange rate of 1.3015 against the .03125 USD distribution...Everything is now good...PS: my buddy just recieved a revised T4** from TD for 2017 for his wife (who passed eary 2017) and the CRA has already finalized her return that he filed early & on Time.....He is a major client with TD and is demanding TD do his CRA revisions and ...more  
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