Dream Impact 5 50 Convertible Unsecured Subordinated Debentures T.MPCT.DB

Saved over 2.8M this quarter

[InvestSmarter]

We stopped the dilution, and retained 2.8M in cash the last 3 months by not paying a distribution (around 4.2% of trading market cap).

[DJ441c]

While  that is  true       we  are  still  diluting  by paying  DRM  a high management fee in units Really need to focus on major asset sales now that interest rates are moving lower    so that   fee to DRM can be paid  in cash   and  prove  that  the NAV  is   valid 

[InvestSmarter]

The fee to DAM is at NAV ($24/unit) not the current unit price. I would rather DAM be paid at NAV then cash at this point. Dilution is minimal at $24/unit. If we were not paying g DAM, we would be paying someone else in cash.

[Martincat]

Could you be more specific about DAM? Are you saying that MPCT is paying cash fund to DAM? Thanks!

[InvestSmarter]

MPCT pays DAM for managing our developments. DAM has a world class development team.  We pay DAM to manage our developments and zoning density. Instead of paying DAM for these services in cash, we pay in units, but not at current market price, at full NAV ($24/unit). So we are saving huge on all our development costs by paying DAM at full NAV instead of cash.