Charles Dillingham
CANMARC REIT
CMQ.UN-T
PARTIAL BUY
Sep 19, 2011
Had several things happen. Parent company went bankrupt and had leases with them and there is a question what is going to happen to this portion. Have expanded and taken on a lot of good product in Alberta along with existing good product in Quebec. Good yield. Take your time buying as it is illiquid.
They took the conservative parts and put it into a new REIT. It has done very well. Just bought some new properties. Good yield. A good conservative REIT.
A good one. Got some attention today because of management change. They have a conservative portfolio. Distribution is 8%. Steady stuff, fairly well leveraged. Yield is safe.
Bought on the IPO because of the heavy discount. There was a big overhang because of management. Sold out in the $11 range. Did a slightly better job of acquiring assets than was expected. Doesn’t expect any danger of the 7.7% distribution being cut any time soon.