NorthWest Healthcare Properties Real Estate Invest 10 Convert Sub Debentures 31 March 2025 T.NWH.DB.G

Question

[garyreins]

Where y'all going to put your nwh funds on a liquidation event? Also, if the offer is 7.50 or lower is it a good idea to hold and wait for a counter offer or full sale or sell immediately at 10% lower and buy something else?

[Panic54321]

Not putting the cart before the horse on this one.!  I would love to believe there is a good buyout offer coming. ( it is well documented by PDL. ) I have wonder why if everyone knows this and expects it to come soonish ??? what's everyone thinking?  ( are we really smarter then the market?) just saying there's not a lot of conviction here otherwise, the price would

[garyreins]

I think the SP is purposely being kept depressed by traders to get that offer passed.  

[garyreins]

Algos are controlling these reits....they are programmed on "sell" or a <10 AFFO.  The bet on the sale was done with the big option bets.   The average shareholder probably cant risk buying more and even if likely its too speculative to bid up the SP given the sector weakenss

[Matteo93]

Less people "know" about the potential offer than you think.. CAD markets get no attention compared to US, especially sleepy REIT's, when participants specualte they sure aren't thinking of REIT's.. that and the MPW beta has really dragged it down farther than it should be. Past year correlation with MPW is nearly 90% and even since NWH's public inception has traded with

[Matteo93]

PS: market also respects yield spread premium between risk free rate, which is somewhere around 4%, so at 4.xx the market considers NWH to be "fairly valued" using this metric. 

[garyreins]

 Not sure I agree with yield spread. A 0.40 cash flow is 10% around 4% 10yr  CAD bond with index inflation on leases 

[Catchtherally]

Ax.un

[DanielDarden]

Gary oh Gary! You need a long rest! The cart is away in front of the horse in your mind. NWH has never indicated a desire to liquidate the entire portfolio. Speculating about a takeout price is wasteful energy at this point. The seller controls the game as you can’t buy something that is not for sale. 

[garyreins]

Is that so DD? Then please explain who PDL forwarded all his shares to on Oct 13?

[InvestSmarter]

Contracts sold as call options.

[garyreins]

why? and is this related to the 6.50-8.50 options we see for Nov 17?