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

Just as example

[Shirtlessnomore]

October 2011 this was over $15. That was 10 years ago however 2019 before the pandamnic 12.50 was the high. It was already a value trap before, so for that 8 year block you lost about 17% on the principal and made 8% per year in dividends. I've been researching and buying FN recently, the share price has appreciated 130% in 10 years and add about 7-8% dividends per year including their quarterly special dividends. It will benefit from higher interest rates as well. 19.5 cents a month divy plus paying a 1.25 special dividend to shareholders of record nov 30. on December 15th. I need a change of pace with some of these dead end reits so I've been thinning them out some. Just something else to consider. Cheers

[Mrguillaume]

I've owned MRT for 5+ years starting with $15 and recently tripled down on this name. I also own MRG, CAR and GRT. Over the past 10 years while MRT has underperformed the REIT sector, I've seen many of my REITs being taken private at nice premiums. Just recently WPT.  The difference with MRT is Rai Sahi - he controls it all and our fate is in his hands. With the parent co. MRC

[Shirtlessnomore]

Very much appreciate the post, clearly you know your game on the stock, the curious part to me is I thought the same about the 2nd half of this year yet we are trading cheaper than 6 months ago with the dividend chopped in half again. I also appreciate your forward thinking although that's the way the markets work is forward thinking, 2022 is a mere 60 days away and yet nothing for hype here