Good luck to unit holders
$ManulifeReit USD(BTOU.SG$ with such announcement that distributions to be halted till end of 2025 , who still remains in ship ?
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102963156 : I'm on the ship, can hold. price will likely tank once trading again
超级月亮 : It should be considered good news. At least it won't go bankrupt
Rumpole 102963156: Management is extremely incompetent
102963156 Rumpole: true, they should have seen this coming. shouldn't wait till breach covenant then only react
taichimaster : Does read like a decent and decisive plan to get out of their troubles. When there is fear perhaps worth a look? I’m investing a bit. The dividend freeze until 2025 don’t bother me at this price.
Rumpole : Shareholders may probably be better off voting against the restructuring deal and pushing for a dissolution.
Rumpole taichimaster: There is nothing to look forward to 2 years later. The high interest costs (including the premium) exacted by the Sponsor and the ongoing management fee will cream off any distributions / value left to long-suffering shareholders. The Sponsor and management continue to benefit from this sorry predicament that occurred under their watch, at the expense of shareholders. This is just my personal view and one of many alternative views out there.
Edmonton taichimaster: Agreed. There is still hope for this stock
The One and one Edmonton: Do you buy REIT with no dividend? Do you like a REIT that pay 7+% interests rate?
Rumpole : The market has given its verdict on the so-called restructuring plan with more than 30% price drop in one session…. It’s thumbs down. That’s quite a statement nobody can dismiss …
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