Q: Ewing Morris has increased its all cash offer to $4.10 from $3.85. Conditions apply. The initial offer and now the increase raises questions that I can not really even guess at figuring out. While that may be the same for you I am asking for your comments on the initial offer and now the increase to $4.10. I lean towards accepting the offer as I have a significant holding but also a huge capital gain. Btb.un is trading at $3.85 today so not that close to $4.10 in my opinion and that seems like a reluctance on the part of buyers to see this offer as a done deal. Of course there is the 8 million limit. Thank you for your comments.
Q: Can you comment on the Ewing Morris offer ;with conditions, at $3.80? The offer can be withdrawn anytime prior to closing. Of course you do not know how fragile the offer is but any comments would be appreciated. I own BTB.UN long term so taxable when sold. Thank you.
Q: Hello, I would like your opinion of BTB REIT. I know it is small but it seems to be chugging along since the pandemic. The distribution is attractive, given the 8% AND the fact that, since 2006, it is all return of capital. How is this possible since most other REITs have typically a mixed bag of ROC and « other income » and/or capital gains? Thanks