Bullboard - Stock Discussion Forum Artis Real Estate Investment Pref Shs Series E T.AX.PR.E

Alternate Symbol(s): ARESF | T.AX.UN | T.AX.PR.I

Artis Real Estate Investment Trust is an unincorporated closed-end REIT based in Canada. Artis REIT's portfolio comprises properties located in Central and Western Canada and select markets throughout the United States, including regions such as Alberta, British Columbia, Manitoba, Ontario, Saskatchewan, Arizona, Minnesota, Colorado, New York, and Wisconsin. The properties are divided into... see more

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Artis Real Estate Investment Pref Shs Series E > Pref E Quarterly Distribution Dec 15th

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Post by InvestSmarter on Nov 19, 2023 9:00pm

Pref E Quarterly Distribution Dec 15th

Should be announced Dec 15th, at the new higher rate of 0.449875 per unit. Over 11% Yield at current price. Snagged a bunch for the inevitable rate crash in 2024. With these big fat distributions applied to my ACB it really brings my cost down quite a bit in my registered accounts. Lots of upside capital gains potential as well.

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Comment by thenewsnake on Nov 19, 2023 9:24pm

Rule #1: Dont suggest you're smarter than the market.

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Comment by Stellar545 on Nov 20, 2023 9:15am

This post has been removed in accordance with Community Policy

Comment by rad10 on Nov 20, 2023 2:46pm

You don't think we will see higher for longer? The best deals on preferreds seem to have late 2024 and early 2025 resets. Either was you won't go wrong with that purchase. Way better than sitting on a capital loss in the common - I have seen 40% go up in smoke.

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Artis Real Estate Investment Pref Shs Series E