![]() ![]() ![]() The REIT also announced its capital strengthening and unitholder ("Unitholder") value strategy which includes: 1) the sale of two recently vacated Ontario properties to separate purchasers and 2) effective with the March 2023 distribution payable on April 17, 2023, to Unitholders of record on March 31, 2023, a 50% distribution reduction. True North however did give a nod to our analysis and did a drastic cut. None of us are blessed with divine knowledge and hence certainties are outside our grasp. In all our work, we tend to deal in probabilities and possibilities. Source: Dividend Will Likely Go South In 2023 This rating signifies a 50-75% probability of a dividend cut in the next 12 months. On our last coverage of True North Commercial REIT ( TSX: TNT.UN:CA), we were amply clear that the writing was on the wall for the distribution.īased on all the information we have looked at, True North has an "Extreme" level of danger of a dividend cut on our proprietary Kenny Loggins Scale. Source: All amounts are in Canadian Dollars ![]()
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