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  5. TNT.UN: Further to my question of Jan 6, I can't see that the distribution has been stopped? [True North Commercial Real Estate Investment Trust]
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Q: Further to my question of Jan 6, I can't see that the distribution has been stopped? Can you please confirm that for me?
Asked by Gregory on January 08, 2024
5i Research Answer:

This information can be found in TNT.UN's Q3 report and updated strategy on the company's website under the news section. The 'Distribution Reallocation' section in the report provides the following details, "The Board has determined that the most effective use of available capital is to reallocate substantially all distributions paid to Unitholders (“Distribution Amounts”) for the month commencing November 1, 2023 and ending April 30, 2024 to purchase the maximum number of Units available under the NCIB or through other acquisition programs, with the intention of revisiting the reallocation in approximately six months to reinstate a sustainable distribution to Unitholders." 

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