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Content tagged with: REITs

True North suspends distributions, focuses on share buybacks

RENX Staff Commercial REITs National Nov. 16 2023

True North Commercial REIT (TNT.UN-T) is temporarily ceasing distributions to unitholders to use those funds to buy back its shares, and will consolidate its units on a 5.75:1 basis, the trust announced this week in its Q3 financial report.

Slate Office REIT unveils major Portfolio Alignment Plan

Don Wilcox Commercial REITs National Nov. 15 2023

UPDATED WITH QUOTES: Amid rising debt commitments, Slate Office REIT (SOT.UN-T) announced plans to put assets which represent about 40 per cent of its gross leasable area up for sale, suspend distributions and amend its declaration of trust to raise its debt ceiling.

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