Investment Q&A

Q: I hold Milestone in my TFSA. Will I be hit with US tax upon completion of the sale.
Thank you, Team

Q: I see that they have delayed the closing till Mar. 28th., does this mean that they did not receive enough shares to close, and so does this mean a higher bid is coming or the sale is not going to close, and what would happen to the share value if it does not close.
Thanks again

Q: We hold MST.UN in a RRIF and in a non-registered account, and have been advised that the the terms of the proposed takeover may be satisfied by way of dividend in addition to capital gain, thereby affecting the income tax treatment of the disposition. If this is correct would you recommend a sale now, or a hold, and is this the same for the RRIF and the non-registered account?

Q: What is your outlook and rating on MST.UN

Q: Could you please explain to me, if this deal does not go through, which if feel will not at this price, do the insiders that offered there shares get them back or does Starwood now own them?
Thank you so much!

Q: I've been reading that the offer for MST.UN is not very good and should be at a higher price considering the high quality portfolio it owns and the cash flow that it is generating. I am going to vote against tendering my shares. What do you think?

Q: What would your choices be for possible replacements of MST.UN now that is being sold to Starwood? Joe

Q: I have a question about MST.UN- sell today or wait for dividend and better bid?
thanks
Don

Q: Please comment on the proposed takeover of Milestone announced this morning.

Q: Any chance of counter offers?

Q: How would you compare Tricon and Milestone going forward for growth etc ?

Q: Hi - I have $34k cash in my account for real estate and am looking to add 2 or 3 residential low-med rent REITS. Can you tell me your favourites that have the lease amount of debt (ie. least affected by increase in interest rates). - I want at least one Canadian, One USA and if there is an international one I will consider it too. - (also is there a place that summarizes REITS somewhere on the web?) - thanks and Happy New Year

Q: MST.UN is mentioned often on the BNN Market Call Q&A sessions [excellent info show].
Good #'s and $'s, good prospects esp. with Trump/Perry and the pendingTexas oil boom.
My Q is about the dividend payout. What are the tax implications re CRA reporting and showing for tax year. Is the payout in US $? If so, the purchase exchange is offset by the falling Cdn $, the rising US$ and the creation of a US account for future US equity purchases. How is the future sale etc. treated by CRA?. I realize you are not tax people but I'm sure these are fundamental questions by novices. Thank you.

Q: Good morning,

I am managing 2 portfolios, mine and my wife. Both portfolios are oriented toward income but with some growth as well. Both portfolios are diversified and has at least one company in each of the 11 tsx sectors with a total of 20 companies in each portfolios with a 4% to 6% weight in each of the 20 companies.

Both portfolios has a reit, Boardwalk (BEI.UN) and Milestone (MST.UN). The reason that we have invested into these reits is that both has assets in the U.S. and are in family residential.

With the interest rate moving up in the U.S. is time to sell these two reits?

Thank you

Paul P.

Q: Hello 5i,
Are those 2 companies good enough exposure for the REIT sector? What % of portfolio would you recommend? Anything better to propose? Thanks.

Q: Hello,
Which one of these is a better buy and why? Purchase it in RSP or investment account? It appears that mrg.un is cheaper from a P/B value point. THANKS.

Q: I am concerned about the relative weakness in Milestone recently, compared to other reits. I have read a bit about the possibility that their Houston properties were weak in Q3 and they may be getting weaker. And yet, wouldn't the impact of the weakness in the energy industry be already present in the vacancy/rental rates? Also, does the relatively low rents (i.e. B properties renting for around $900/month) give some protection? In a long-winded way, I am asking if the Houston portfolio provides a lot of risk to overall growth (in cash flow) going forward? Or is there anything else causing the weakness in the stock price.I'm feeling anxious about this because I put my kids into it after their recent offering and the stock is down from there......

Q: Further to Edward's Q about reits with US holdings, I might suggest MRG.UN. It may be a tad pricey at the moment (I just sold mine, moving into the commercial side with HOT,UN and HR.UN) but I think the dividend is safe.

Q: I have cash in RRSP that I want to put to use in purchasing a REIT. At this point, would you wait until after a 0.25% increase in the US interest rates (likely this year but not guaranteed), or purchase now?

Q: I have held Northwest Healthcare for several years and have a small net gain primarily due to the distributions. I am considering a sale of NWH.UN and the purchase of a Canadian listed residential REIT which has its property holdings in the USA. I am considering Milestone Apartment REIT (MST.UN) and Pure Multifamily REIT (RUF.UN). Would you please give me your opinion of which REIT is better to fill a vacancy in my portfolio? Is there a similar REIT that you would prefer to these two?
With appreciation,
Ed