True North Commercial REIT T.TNT.UN

Quit being so focused on the distribution

[lancebryant]

I find it so remarkable how you folks think the company is going bankrupt with significant positive FCF and no distribution payments.

Additionally; many of you are concerned the distribution may never come back for some reason.

Meanwhile the company purchaess about 10% of the outstanding shares on a yearly basis at current rates.

In the most recent report it paid back 90 bps of its debt.  

They have a massive repayment of debt coming in October.   

The company is doing ruddy great, and if you cant see that not paying a distribution is good for you as a share holder frankly I don't know how to  help you.  jUst sell the shares and move on.

[gold_diggers1]

"They have a massive repayment of debt coming in October. " Is that why TNT.UN is languishing here?  Will it end up like SOT.UN as people speculating? GLTA

[lancebryant]

god no, they will just renew the mortgages and are well within covenant range.

[matt2018]

likely waiting to see if there are further rate cuts before renewing. Also, by not reinstating a distribution,balance sheet and cash flow projections look alot better to the banks when negotiating these rollovers.  More favorable rates could be on the table. Wouldnt be surprised if bankers have a say on what % of AFFO will be allowed for dist when they do reinstate it in future. My guess