DRI Healthcare Trust T.DHT.UN

DRI Healthcare Trust Announces C$85 Million Bought Deal

[sunshine7]

Market response tomorrow?

[Cumbie]

 The offering price is almost 10% below todays close. Down we go. It's been a good stock so I probably will picksome up around $ 10.60.

[Marley66]

Yes, i am surprise by the draw down of that new issu. Spacialy that the initial offering was at a higher back in the winter 2021. i guess that the pipeline of new royalty deal is full, fast and furius. And even the new issu at 10.60$ should be very accretive for all shareholders on a forward basis. and yes i will to incrise my position in DRI around the new issu price we need to remember that

[HermannHaller]

Scotia is saying that this new issue deal is closed. Must have sold pretty quick, could open above $10.60.

[sunshine7]

Pre-market $11.67? I also don't understand why they did the $10 distribution and then turn around and issue more shares instead of holding cash for next move?

[retiredcf]

Annoying but long term we will be fine. Will be interesting to see how much of the over allotment is exercised. GLTA The Trust has granted the Underwriters an option (the “Over-Allotment Option”), exercisable in whole or in part, at any time for a period of 30 days from the closing of the Offering, to purchase from the Trust up to an additional 1,203,000 Units at the Offering Price, for

[pennydredful]

should  all  be exercised   based   on  current  price  and  underwriters  net cost  is less  than 10.65  . Selling    units   9%   below  market   shows  no respect   to   current  holders  -----all   about   earning   

[pennydredful]

$10   distribution ?

[Terek8]

the trust distributes so shareholders pay the cash what you want is profitable royalty deals the price of the Trust will take care of itself I have always kept #BTD in $DHT.UN 

[Terek8]

correction : Shareholders pays the tax