Post by
SNAKEYBOY on Dec 20, 2022 3:05pm
INTERESTING...
The price settled in the low $9's in late Sept, and has mostly stayed there with a few bumps to $9.80. During this 3 month window, assuming 250k shares/day traded, it is about a total of 18 million shares that were exchanged in this 3 months. 18 million shares of of people selling at the $9's.....crazy!
Comment by
jmkOttawa on Dec 20, 2022 7:12pm
I am quite surprised that there are sellers at these levels. I am curious what motivates one to sell at 45 percent net asset value? The unit price iwll not recover until there are more buyers than sellers.
Comment by
Catchtherally on Dec 20, 2022 9:14pm
Selling at all time lows means they are taking a loss. Perhaps tax loss harvesting? A .16 special divy seems like an insult at this point.
Comment by
SNAKEYBOY on Dec 20, 2022 9:46pm
Yes in my RRSP that 0.16 cents is gravy!
Comment by
alkhor on Dec 20, 2022 11:13pm
That 16 cents will only be 8 cents in your RRSP, the other 8 cents is imaginary given to pass the REITs tax burden to unitholders who own the units inside a taxable account.