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Opinions Andrew Moffs
Dream Impact TrustMPCT.UN.TODON'T BUYSep 29, 2020
Andrew MoffsStock price when the opinion was issued
As of Jun 19, 2026. Market Open.
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It's managed by Dream Unlimited. They own a lot of condos and mixed-use properties in Toronto. It trades far below NAV and pays nearly an 8% dividend which is safe. It's incredibly cheap now compared to the quality of the assets. Management keeps buying back a lot of shares in the open market. If things don't work out, they could privatize this REIT. But she's confident about it.
Michelle WearingMichelle Wearing(A Top Pick Oct 30/15. Down 6.53%.) Very stable, cash generating assets, and trading at a depressed valuation. Dividend yield of about 7%. Trading at a 40% discount to NAV. Still likes this.
Steve DiGregorioHe likes this because it has a big discount to NAV. The NAV on this is a little above $9.50 and it is trading at $5.80, that is about a 50% return to NAV. He doesn’t think it will get to 50%, but he could see a 15%-20% discount to NAV. That is a healthy return. Dividend yield of 6.92%.
Steve DiGregorio
