Post by
pennylane101 on Dec 12, 2023 11:23am
Question...
I've noticed that some of the other Reits i.e., TNT have done a share consolidation and the results for unit holders were less than desirable, what are the chances that Slate Office Reit will do the same? Would getting into the debentures be a safer option?
Comment by
InvestSmarter on Dec 12, 2023 11:30am
Very high. I do not know if there is a $1 Min on TSX, but no large investor is likely to buy sub $1 units. Its hard to get attract investors buying stocks under $10 as it is.
Comment by
pennylane101 on Dec 12, 2023 6:50pm
Thank-you. It did occur to me reading about all the other Reits. Unlike the Nasdaq, there isn't a $1 minimum share/unit price on the Tsx. Cheers!
Comment by
Ladislav3 on Dec 13, 2023 10:03am
While TNT's share price post-consolidation (and post announcement of the consolidation) lowered dramatically, it is back up to late October levels. With the removal of the dividend to fund an aggressive NCIB, the temporary lower price was actually a benefit to shareholders (at least those who are holding for the longer term)