Recent Purchase: Morguard (MRT.UN.TO)

On June 16, 2017 I initiated a new position in Morguard. Morguard is a well diversified Canadian REIT. I purchase 70 units at $14.80 per unit. The REIT pays a monthly distribution of $0.08 per unit, representing $0.96 per unit on an annualized basis, giving it a yield of about 6.4% at today's levels. This purchase will add $5.60 per month or $67.20 per year in dividend income.

About Morguard

Morguard REIT (MRT.UN.TO) owns and operates commercial properties across Canada. As of March 31, its portfolio consisted of 49 properties, including 28 office and industrial properties and 21 retail properties, which are located across British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, and Quebec and total approximately 8.72 million square feet of gross leasable area.

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