Morguard Real Estate Investment 5 25 convertible unsecured subordinated debentures T.MRT.DB.A

another dividend cut ?

[incomedreamer11]

Parent company Morguard  has 564 mln $ available ( 142 mln cash and 422 mln LOC)

and they have 877,5 mln mortgage payable in 2021,plus on May 2021 200 mln $

debenture matured. Morguard short  almost 450 mln $,so don't expect any help from company,

especially with taking out or purchase shares.

[WEBuffettisbest]

The 877.5 mln mortgage payable is for 2021 and 2022. In 2020, new and refinancing mortgages totalled 443,687,000 with the maturing interest rate averaging 4.71%, and new interest rate averaging 2.98% and term averaging 7.3 years. Given all the problems in 2020, it doesn't appear that refinancing exinsting mortgages have been a real problem. As you noted, MRC had 564 mln of liquidity as of