True North Commercial REIT T.TNT.UN

Alternate Symbol(s): TUERF

Real Estate REIT - Diversified

True North Commercial Real Estate Investment Trust (the REIT) is a Canada-based unincorporated, open-ended real estate investment trust. The REIT is primarily focused on creating value for unitholders through the investment in and ownership of commercial properties in Canada. The REIT’s primary objective is to maximize total returns to its unitholders. Its returns include a stable, reliable, and tax-efficient monthly cash distribution as well as long-term appreciation in the value of its units through the effective management of a portfolio of commercial properties. The REIT owns and operates a portfolio of about 40 properties consisting of approximately 4.6 million square feet in urban and select strategic secondary markets across Canada focusing on long-term leases with government and credit-rated tenants. Its properties include 36 and 38 Solutions Drive, 500 Beaverbrook Court, 61 Bill Leathem Drive, 675 Cochrane Drive, and 1112 Fort Street, among others.

TSX:TNT.UN - Post by User

True North Commercial REIT

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Comment by giovincoon Apr 15, 2024 8:09pm

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Post# 35990644

RE:RE:RE:RE:Daniel Drimmer Cook the Crook

LOL what you wrote is the exact definition of a dividend.
That is just a way it is treated to reduce taxes.
Anyway, the stock price ran up for an expectation of a dividend reinstatement and now it is tanking because the lack of it.
They should just f**king reinstate it for the share price to go up lol.

pierrelebel wrote:
giovinco wrote "... Just pay the f**king dividend."

Unfortunately, TNT does not pay dividend. They used to pay a monthly distribution which was 100% return of capital.

In other words unitholders were getting their own money paid to them every month. Unless held in a trust account that distribution lowered the original cost creating a potential capital gain, even if the price of the units did not go up.

We are all better off with the same money being used to buy back units. We all win.