Bullboard - Stock Discussion Forum Automotive Properties Real Estate Investment Trust T.APR.UN

Alternate Symbol(s): APPTF

Automotive Properties Real Estate Investment Trust (the REIT) is a Canada-based open-ended real estate investment trust. The REIT is focused on owning and acquiring primarily income-producing automotive dealership properties located in Canada. The REIT's portfolio consists of 77 income-producing commercial properties, representing approximately 2.9 million square feet of gross leasable area, in... see more

Add To Watchlist

TSX:APR.UN - Post Discussion

Automotive Properties Real Estate Investment Trust > Morguard interests have 23.9% of the shares

View:

Post by pjn0987654321 on Sep 19, 2022 1:06pm

Morguard interests have 23.9% of the shares

I thought 20% was the limit at which an offer to acquire the company had to be made. Is that not the rule?

https://money.tmx.com/en/quote/apr.un/news/5766079579930830/TWC_Enterprises_Limited_Increases_Ownership_Position_in_Automotive_Properties_REIT

232

Comment

Comment by theCurse on Sep 24, 2022 11:03am

I've held this for a while - mostly because of the decent yield. Any reason to believe this would not be a takeover target at some point? Why else would one entity take such a large position? tC

146

Comment