RioCan Real Estate Investment Trust T.REI.UN

See what a bunch of bs it was

[Mousernan]

Saying no dividend cut, bull.

[Tommy123]

This post has been removed in accordance with Community Policy

[HermannHaller]

I'm not sure when they said no dividend cut, but they certainly said 'ample liquidity' as recently as the Q3 results. I don't think ample liquidity is consistent with a 33% distribution cut. Particularly surprising when we now know there is a vaccine that works, and will be rolled out over the next six months. This stock is up 23% since the vaccine news...how much of that does it

[pjn0987654321]

"This decrease will be effective for the Trust’s January 2021 distribution, payable in February 2021." Sounds like the December distribution payable in January will be under the old rate.   As cuts go, it could have been worse.  

[EdPaquette]

In an interview on bnn, Ed said no dividend cut.       

[CANCDN]

I don't think it will give up much. I believe this is about borrowing more money. When you borrow money, lenders have conditions. For reits, that usually includes payout restrictions under 80. Their is more to this story

[gashole]

Although most people believed that the dividend was safe there was definitely some uncertainty with regards to the safety.. I am 100% sure about that in the investment community.. people that own a stock believe in it and tend to believe that there is no way their company that they own and have their hard-earned money invested in will ever cut the dividend.... but here we are and I guess the

[CANCDN]

  you do realize if you want that 4c you can still get it right? Just sell enough of your shares to cover that 4c loss per share you wanted. When RioCan pays out 12c on ex dividend, the units open exactly 12c below the previous day close. Now it will open 8c below the previous day close. They are retaining the 4c to pay down debt or developments which increase th e NAV by the same or more