Q: I bought True North just before the split and it looks to me like it's up 45% in just over a month since the split. Am I misreading this? If this is correct, should I take profits?
5i Research Answer:
TNT.UN has had a good run since its 4 for 23 reverse split Nov 23. Depending on when it was bought a 40%+ gain is possible. TNT.UN is a very small cap REIT at $162.72M and it focuses on office buildings which have struggled mightily since the pandemic. We are fine letting go of this one and locking in a profit. It cancelled its distribution Nov 13 and risks still remain.