Q: Hello 5i, I am a current unit holder of ERE.UN and would like you to comment on the latest news release as to the current shareowners are being offered.
Are there options for cash or shares of CAR.UN and what are the chances of another
bid for the company.

Q: Hello 5i Team

I own European Residential REIT in a taxable account.

The REIT has previously announced it will sell all its remaining properties and essentially close down operations and delist from the public markets.

Current price is approximately $1.14 and the net asset value as of December 31, 2025 is approximately $1.44 (as per financial statements released).

How does this process occur? Do they essentially liquidate their portfolio, pay taxes and distribute the proceeds to unit holders (say $1.40 per unit to account for taxes and closing costs) and the trading price of the units goes to zero. This would result in a "capital loss" on the units and some form of taxable distribution (mix of capital gains, income and or return of capital).

Or does a private buyer make a take-over offer of say $1.35, take the units private and then internally deal with the closing down of operations.

Has there been other examples of companies / reits closing down operations?

Is this a potential arbitrage opportunity?

Thanks

Q: I do not know if it me doing it wrong, when checking the chart for ERE.un on Itrade from Scotia bank, I found a really weird chart , on 10 years it shows the price was never much over 2.50 cad, when chequing other sources ERE was above 4 cad in 2022, is anybody experiencing these strange problems with Itrade ?