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Bullboard - Stock Discussion Forum Dream Impact 5 50 Convertible Unsecured Subordinated Debentures T.MPCT.DB

Alternate Symbol(s):  T.MPCT.DB.A

Dream Impact Trust is a Canada-based open-ended trust dedicated to impact investing. The Company operates through two segments: Development and investment holdings, and recurring income. The Development and investment holdings segment comprised direct and indirect investments in residential and mixed-use developments, a hospitality asset, and participating mortgage receivables. The Recurring... see more

TSX:MPCT.DB - Post Discussion

Dream Impact 5 50 Convertible Unsecured Subordinated Debentures > Fourth Quarter Results & Growth in Recurring Income Segment
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Post by Betteryear2 on Feb 14, 2022 7:24pm

Fourth Quarter Results & Growth in Recurring Income Segment

TORONTO--()--DREAM IMPACT TRUST (TSX: MPCT.UN) ("Dream Impact", "we", "our" or the "Trust") today reported its financial results for the three months ("fourth quarter") and year ended December 31, 2021.

“2021 has been a year of significant accomplishment for the Trust,” said Michael Cooper, Portfolio Manager. “During the year, we've added over $240 million of income property assets to the recurring income segment through the completion of developments and acquisitions. The Trust has participated in innovative financing strategies, including the issuance of the first impact convertible debenture in Canada and financing programs dedicated to the decarbonization of our income properties. The Trust also made significant advancements with respect to our impact goals, releasing both our impact framework and social procurement strategy this year. We intend to carry this momentum into 2022 with the announcement of our 2035 net-zero roadmap this spring. Together, these efforts have created a more resilient and valuable business for our unitholders and are closely aligned with the most significant issues facing every level of government in our country today.”

 

https://www.businesswire.com/news/home/20220214005877/en/

 
Comment by fishowl on Feb 14, 2022 8:47pm
Here's PDF version of the press release from Dream website. NAV increased over the year. Net Asset Value ("NAV") As at December 31, 2021, NAV per unit was $9.31 compared with $8.99 in the prior year, an increase of $0.32 per unit or an approximate 9% total return (including distributions after adjusting for losses on legacy assets(4)). The increase in NAV growth was largely ...more