Artis Real Estate Investment Pref Shs Series E T.AX.PR.E

Strategic Review is Serious...

[InvestSmarter]

Samir made it clear they are serious on this strategic review. The goal is to "Close the Gap" between the unit trading price, and NAV.

On the Q3 MD&A

Strategic review expenses in Q3 - $179,000

So not only are they talking the talk, they are spending the cash. Not sure what $179,000 brings (and probably over 200K today), but thats some serious spending. 

Something is in the works.

Also, I would like to add, the distribution would be safe IMO. They cannot "Close the Gap" with a distribution cut. 

Time to get prove your worth, Artis Management :)

Happy Weekend Everyone.

[garyreins]

Yes I believe there will be a liquidation event in the making.  They can clearly stay the course without a dividend cut and reduce leverage, so tweaking that plan seems rather trivial and no need to spend that 200k

[DZtrader]

In transit, one finger typing. Have never really been worried about distribution, still not. Something is in the works no doubt. These fees have structuring written all over them not dispositions. Question now is to what extent and what parties. Just seems like too much positioning of late on such a grand scale, unless there are just some big time opporhtunist out there. Nice to be climbing again,