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Bullboard - Stock Discussion Forum 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... see more

TSX:TNT.UN - Post Discussion

True North Commercial REIT > Buying under the NCIB keeps going down.
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Post by SIGG1 on Jan 22, 2025 10:32pm

Buying under the NCIB keeps going down.

In April 2024, they were buying back about 14000-16000 shares/day 

In May 2024 they were buying only 4200 shares/day 

Now they are buying only 1900 shares a day!

They were supposed to redirect ALL THE MONEY from the distribution cuts to the NCIB. 

At the current pace it would take 28 years to buy the remaining shares! 

Not only unitholders are no longer getting monthly distributions, we have a declining unit price and buying under the NCIB keeps getting reduced. 

Good work DD!
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True North Commercial REIT