ValueBuddies.com : Value Investing Forum - Singapore, Hong Kong, U.S.

Full Version: Manulife US REIT
You're currently viewing a stripped down version of our content. View the full version with proper formatting.
Pages: 1 2 3 4 5 6 7
While Manulife gives a good cryptic explanation to why its sales has not been up to pace.

Investors have to note that under MUST sales agreement, it must sell (i) US$230 million by end 2024 and (ii) US$98.7 million additional by mid June 2025

There are penalties involved where if MUST does not meet (i), its loan interest will rise from 7.25% to 8% and (b) an penalty of 1% of US$230 million minus the sales proceed. MUST has not sold a single property and the penalty nears with each passing day
Pages: 1 2 3 4 5 6 7