European Residential REIT T.ERE.UN

Cancel the DRIP

[rustyblades]

Now that they have confirmed the wind up of the REIT, they should cancel the DRIP. The DRIP serves no useful purpose now.

[Castortroy2020]

What's the actual NAV for the stock?

[StockN00B]

$3.01 EUR so depending on FX... its around ~$4.50 give or take

[Castortroy2020]

Thank you, so with the Special Dividend we are close to the NAV. Then I guess the stock will stay around this level? 

[rustyblades]

Not quite, The current price of 3.64 includes the special distribution of about 1.13 so there's still a gap to close on the balance of the portfolio.

[BearBullBrian]

Many of us are so far underwater, we'll be hard-pressed to break even. I think they would have got better prices for the assets in another year. However, I'll happily take what I get and move on.  BBB

[Castortroy2020]

Same here.. I am one of those who bought it around mid $4

[DanielDarden]

The purpose of the DRIP was to allow holders to accumulate more units at a discount without having to spend money on commissions. Regardless of your situation that is a sound purpose and should continue. Yes, NAV/u is reduced slightly but not as much as the savings as a result. Why would anybody not take this deal until the very end?

[rustyblades]

Yes the DRIP allows you to accumulate units at a discount. It is dilutive but as you point out, not significantly given the short duration to windup. IMO the main purpose of the DRIP is to provide the REIT with a source of funds (if the units are issued from treasury) by reducing the cash needed to pay the distributions. In my case I'll continue to participate in the registered accounts that