Dri Healthcare Trust T.DHT.UN

RE:RE:RE:T3 Error Update

[SONOFFERGUS]

Hey.

I'm glad that it's only a few dollars given how terribly DHT has performed since the fraud.

I continue to think that (1) Kalvista's stock price and words from its CEO are telling us that the FDA approval June 17th is a virtual certainty, and (2) DHT mgmt is going to announce the management internalization and buyback right after that approval.  Obviously, mgmt benefits from the lowest possible unit price when deferred units are handed out on the reorg so is overjoyed with the current state of affairs.

I note that Goldman has been an active seller and that the DRI CEO is a GS alumnus.  I'm not saying that something nefarious is going on, but I'm not saying there isn't.  Again today, my pharma screen is big green except for one name.  It is incredibly frustrating.

On taxes, I was in that business decades ago, so I'll get wonky for a second  The reason that brokers produce their own slips for this situation is specifically because the amount you received in your CAD account is different from what DHT paid in USD, and DHT has no way of knowing that amount. You are conflating consistency wrt conversion to CAD of amounts received in foreign currency in a foreign currency account (i.e., using an annual average vs spot at each receipt)  with receipt of such amounts in your CAD account -- for which no conversion is required as you got what you got. 

Good luck to all of us!