True North Commercial REIT T.TNT.UN

Playing hardball now

[flamingogold]

TNT buying shares for cancellation almost daily now. This is also an indication that no further distribution cuts are likely. I also own MRT who have been aggressively buying stock for awhile now. Can't say it won't melt a little lower with overall market weakness but the buybacks come close to putting in a floor now.

https://ceo.ca/api/sedi/?symbol=TNTUN&amount=&transaction=&insider=

[SNAKEYBOY]

buybacks dont support price.  lots of reits tanked as ncibs are happening...but it no doubt will be accretitive cancelling the 12% payout

[CrazyTrader]

Buys support price, but what NCIB does is lowers Equity/Capital/Cash.... which in most cases lowers SHARE VALUE...   which then causes self-defeating objective, if the objective is to support share price. Unless company has so much cash/profits coming in that it can basically manipulate share price over above the market.... Then NCIB is a self-defeating objective, if the objective is to

[CrazyTrader]

and it does nothing to address the problem, the reason for the dividend cut, in fact it probably makes the problem worse. All just my opinion/view/thinking

[SIGG1]

You two were crying because they weren't buying shares back and now you're crying because they are ... LMAO

[EstevanOutsider]

an ncib is not allowed to be used to bid a stock higher, it has to be sold into and unsolicated. no idea what ur talking about. canceling 12% payout on commons is a brilliant move, especially if the REIT's fundamental outlook is confident. an ncib demonstrates a degree of market confidence.

[EstevanOutsider]

tnt added more at eod with 14,300 bought today. pretty impressive. nice they are filing daily now.

[wheeloffortune]

NCIB is way better.  Take, for instance, Facebook (META).  It doesn't even pay a dividend.  In 2021, it was trading as high as $378.  Last year, it was a falling knife.  I saw the financials, liked what I saw, and started picking them up at $140.  It went further down to $87, but I ran out of money to buy more.  Zuckerberg introduced an aggressive $40Billion